Crude oil pipeline growth, revenues surge; construction costs mount

09/01/2014
US pipeline operators continued to expand their systems rapidly in 2013. Investment in oil pipeline carrier property surged last year, rising roughly $14 billion to more than double the values seen only 7 years before. But while oil pipeline operators' revenues also surged, lifting net incomes with them, revenue growth for natural gas line operators remained relatively anemic and incomes fell for a third straight year. Gas pipeline operators scaled back planned mileage additions, focusing instead on looping existing systems and adding compression to boost capacity. Rapidly rising pipeline construction cost-up 60% year-on-year and more than twice what they were only 2 years earlier-likely ...
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