Deloitte: US shale production boosts midstream growth

11/25/2013
US production from unconventional oil and gas production is driving demand for midstream infrastructure, and more consolidation of midstream companies is likely, the Deloitte Center for Energy Solutions said in a report released Nov. 19 at the 2013 Deloitte Oil & Gas Conference in Houston. Growing midstream infrastructure needs could require more than $200 billion in additional investment by 2035, Deloitte said. The use of hydraulic fracturing and horizontal drilling pushed US production in 2012 to its highest level in 16 years. Consequently, producers need more pipelines, gathering systems, and processing plants. During 2006-12, midstream companies invested almost twice the amount as...
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