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U.S. Oil & Gas Infrastructure Market Size & Share 2025 to 2034

Market Size by Category, Analysis,Growth Forecast.

Report ID: GMI3013
   |
Published Date: December 2024
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Report Format: PDF

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U.S. Oil & Gas Infrastructure Market Size

The U.S. oil & gas infrastructure market size was valued at USD 78.9 billion in 2024 and is projected to observe a CAGR of 6.4% from 2025 to 2034. Rising energy demand coupled with increasing shale oil and gas production across the nation including the Permian Basin and the Bakken Formation, have witnessed significant growth. Development of extensive network of oil & gas pipelines along with shifting focus on upgrading and expanding the infrastructure will positively influence the business dynamics.

U.S. Oil & Gas Infrastructure Market Key Takeaways

Market Size & Growth

  • 2024 Market Size: USD 78.9 Billion
  • 2034 Forecast Market Size: USD 147.8 Billion
  • CAGR (2025โ€“2034): 6.4%

Key Market Drivers

  • Shifting trends toward unconventional resources.
  • Increasing investments toward gas-fired power generation.
  • Growing demand for crude oil and gas.

Challenges

  • Price volatility.

Ongoing oil production across the nation coupled with development of new pipeline projects initiated to link producing assets to export terminals, refining centers, and domestic markets will augment the industry landscape. For instance, as per the U.S. Energy Information Administration, the U.S. oil industry achieved unprecedented production levels in August 2024, reaching 13.4 million barrels per day, exceeding the previous record of 13.3 million b/d from December 2023.
 

The Short-Term Energy Outlook indicates an expected average of 13.2 million b/d for 2024, exceeding 2023's record of 12.9 million b/d. Moreover, replacement of older pipelines or retrofitted to enhance safety, capacity, and efficiency will stimulate the industry growth.
 

U.S. Oil & Gas Infrastructure Market

U.S. Oil & Gas Infrastructure Market Trends

U.S. oil & gas infrastructure industry is set to grow owing to introduction of regulatory mandates for environmental protection, emissions reduction, and climate change mitigation leading to greater focus on implementing sustainable practices infrastructure development. Ongoing development of unconventional oil & gas resources along with favorable initiatives by the authorities, has accelerated production activities and necessitated infrastructure development to support the extraction, processing, and transportation of the resources.
 

For instance, as per the U.S. EIA reported in October 2024, in 2023, four hydrocarbon liquids pipeline projects were completed in the U.S., comprising three pipeline projects handling crude oil along with one hydrocarbon gas liquids project. Moreover, rising use of artificial intelligence and data analytics for predictive maintenance and resource optimization will complement the industry outlook.
 

U.S. Oil & Gas Infrastructure Market Analysis

U.S. Oil & Gas Infrastructure Market Size, By Category, 2022 - 2034 (USD Billion)

Oil, Gas & NGL Pipelines segment is anticipated to cross USD 41 billion by 2034. Expansion of natural gas pipelines, addressing increased production and demand coupled with ongoing developments of new pipeline networks connecting production areas including shale regions to consumption hubs, export facilities, and LNG terminals, augmenting the industry landscape.
 

The industry has witnessed substantial growth in liquefied natural gas exports, prompting increased construction and expansion of LNG export terminals, further influencing the business outlook. Existing refineries and storage terminals have undergone modifications or expansions to accommodate export activity and favorable initiatives by authorities toward expansion and repair of existing pipelines will augment the industry growth.
 

For instance, in October 2024, the Department of Transportation's Pipeline and Hazardous Materials Safety Administration announced USD 196 million in grants for repairing and replacing aging natural gas pipelines across 20 states. The funding will support 60 modernization projects, targeting the replacement of outdated, leak-prone pipes that create safety risks, increase energy costs, and cause environmental damage.
 

Ongoing expansion of shale gas production across the country has generated a surplus of ethane, an important feedstock for petrochemical manufacturing. As a result, development of ethane export terminals to ship excess ethane to international markets, where it serves as a feedstock for plastics and other petrochemical products will augment the business landscape. Stringent environmental and safety rules implemented the by the respective authorities is driving the need for infrastructure improvements and new technologies, to reduce environmental impact, boost safety, and enhance operational efficiency, propelling the industry growth.
 

U.S. Oil & Gas Infrastructure Market Share

U.S Oil & Gas Infrastructure Company Market Share Analysis, 2024

Market participants operating in the U.S. oil & gas infrastructure industry employ strategic partnerships and mergers to expand their market presence. Through investments in research and development, they develop new services to maximize market revenue. Companies strengthen their competitive positions by optimizing distribution channels, pursuing international expansion through strategic alliances and acquisitions to strengthen their position across the industry.
 

U.S. Oil & Gas Infrastructure Market Companies

Major players operating across the industry include:

  • Baker Hughes
  • BP
  • Centrica
  • Chevron
  • ConocoPhillips
  • Energy Transfer
  • Enterprise Products Partners
  • ExxonMobil
  • Halliburton
  • Hatch
  • Kinder Morgan
  • NGL Energy Partners
  • Occidental Petroleum
  • ONEOK
  • Royal Vopak
  • Schlumberger
  • Shell
  • TotalEnergies
  • Williams
     

U.S. Oil & Gas Infrastructure Industry News

  • In November 2024, ConocoPhillips announced the completion of its acquisition of Marathon Oil Corporation. The acquisition of Marathon Oil aligns with the companyโ€™s strategy, enhancing its diverse portfolio while adhering to the financial framework. Marathon Oil contributes high-quality, low-cost inventory adjacent to its established U.S. unconventional position. The company anticipates delivering synergies exceeding USD 1 billion on a run rate basis within the next 12 months.
     
  • In August 2024, ONEOK Inc., a U.S. pipeline operator, has agreed to two significant transactions totaling USD 5.9 billion to strengthen its presence in the Permian Basin. The company will acquire Global Infrastructure Partners' (GIP) stake in EnLink Midstream LLC and its equity in Medallion Midstream, the Permian's largest private crude gathering and transportation system. This will enhance the companyโ€™s Permian Basin operations, adding gas processing and crude gathering capacity, while extending its presence in Oklahoma, North Texas, and Louisiana, tapping into growing LNG demand.
     

The U.S. oil & gas infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of โ€œUSD Billionโ€ from 2021 to 2034, for the following segments:

Market, By Category

  • Surface and Lease Equipment
  • Gathering & Processing
  • Oil, Gas & NGL Pipelines
  • Oil & Gas Storage
  • Refining & Oil Products Transport
  • Export Terminals

 

Authors:  Ankit Gupta, Manish Dhiman

Research methodology, data sources & validation process

This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.

Our 6-step research process

  1. 1. Research design & analyst oversight

    At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.

    Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.

  2. 2. Primary research

    Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.

  3. 3. Data mining & market analysis

    Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.

  4. 4. Market sizing

    Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.

  5. 5. Forecast model & key assumptions

    Every forecast includes explicit documentation of:

    • โœ“ Key growth drivers and their assumed impact

    • โœ“ Restraining factors and mitigation scenarios

    • โœ“ Regulatory assumptions and policy change risk

    • โœ“ Technology adoption curve parameter

    • โœ“ Macroeconomic assumptions (GDP growth, inflation, currency)

    • โœ“ Competitive dynamics and market entry/exit expectations

  6. 6. Validation & quality assurance

    The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.

    Our triple-layer validation process ensures maximum data reliability:

    • โœ“ Statistical Validation

    • โœ“ Expert Validation

    • โœ“ Market Reality Check

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Verified data sources

  • Trade publications

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  • Industry databases

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  • Regulatory filings

    Government procurement records and policy documents

  • Academic research

    University studies and specialist institution reports

  • Company reports

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  • Expert interviews

    C-suite, procurement leads, and technical specialists

  • GMI archive

    13,000+ published studies across 30+ industry verticals

  • Trade data

    Import/export volumes, HS codes, and customs records

Parameters studied & evaluated

Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →

Frequently Asked Question(FAQ) :
How big is the U.S. oil & gas infrastructure market?
The market size for oil & gas infrastructure in U.S. reached USD 78.9 billion in 2024 and is set to grow at a 6.4% CAGR from 2025 to 2034, driven by rising energy demand and increasing shale oil and gas production.
What is the forecasted value of the U.S. oil & gas infrastructure industry?
The U.S. market is expected to reach USD 147.8 billion by 2034, supported by the development of extensive pipeline networks and infrastructure upgrades.
What is the size of the Oil, Gas & NGL Pipelines segment?
The Oil, Gas & NGL Pipelines segment is anticipated to surpass USD 41 billion by 2034, led by the expansion of natural gas pipelines and the development of new networks connecting production areas to consumption hubs and export facilities.
Who are the major players in the U.S. oil & gas infrastructure market?
Key players include Baker Hughes, BP, Centrica, Chevron, ConocoPhillips, Energy Transfer, Enterprise Products Partners, ExxonMobil, Halliburton, Hatch, Kinder Morgan, NGL Energy Partners, Occidental Petroleum, ONEOK, Royal Vopak, Schlumberger, Shell, TotalEnergies, and Williams.
U.S. Oil & Gas Infrastructure Market Scope
  • U.S. Oil & Gas Infrastructure Market Size

  • U.S. Oil & Gas Infrastructure Market Trends

  • U.S. Oil & Gas Infrastructure Market Analysis

  • U.S. Oil & Gas Infrastructure Market Share

Authors:  Ankit Gupta, Manish Dhiman
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Premium Report Details:

Base Year: 2024

Companies Profiled: 19

Tables & Figures: 10

Countries Covered: 1

Pages: 90

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