Authors:
Ankit Gupta, Abhishek Chopra
Download free PDF
U.S. Oil & Gas Infrastructure Market Size & Share 2026-2035
Report ID: GMI3013
|
Published Date: November 2026
|
Report Format: PDF/Excel/Dashboard/Platform
Explore Our Licensing Options:
U.S. Oil & Gas Infrastructure Market
Get a free sample of this report
What are you hoping to find?
Your PDF is on its way. Tell us little about your research goal, and we'll help you find the most relevant market insights.
U.S. Oil & Gas Infrastructure Market Size
The U.S. oil & gas infrastructure market was valued at USD 81.1 billion in 2025, is projected to reach USD 85.6 billion in 2026, is expected to expand at a 3% CAGR (2026–2035), and is forecast to reach USD 111.7 billion by 2035. The market covers the physical assets, capital investment, and engineering, procurement, and construction activity required to explore, develop, produce, process, transport, store, and export hydrocarbons within the United States and its offshore federal waters.
U.S. Oil & Gas Infrastructure Market Key Takeaways
Market Leader: Halliburton led with over 6.2% market share in 2025.
Leading Players: Top 5 players in this market include Halliburton, SLB, Baker Hughes, Bechtel Group Inc., Fluor Corporation, which collectively held a market share of 22.6% in 2025.
The market's outlook is supported by a sustained infrastructure replacement and expansion cycle rather than a single commodity-price-led buildout. Long-duration EPC contracts, operations and maintenance agreements, and contracted midstream assets provide revenue visibility, while export-oriented development and production-linked field investment continue to shape the timing and mix of capital deployment.
GMI Analyst View
Our comprehensive aggregation of U.S. oil and gas infrastructure expenditure data indicates that the market generated USD 73.2 billion in 2022. We view this historic revenue base as evidence of an established investment platform supported by recurring asset maintenance, producing-basin development, and infrastructure modernization requirements across the U.S. energy value chain.
U.S. Oil & Gas Infrastructure Market Trends, Growth Drivers & GMI Forecast Outlook
U.S. oil production resilience, LNG export construction, and demand for transmission and processing capacity are reinforcing infrastructure spending across the value chain. At the same time, rising construction costs, permitting duration, and producer capital discipline are concentrating investment in projects with contracted throughput, reliable offtake, and clear execution pathways.
Key Drivers
Evidence anchors use cited external data; demand implications and forecast conditions represent GMI analysis.
The Permian Basin remains the pivotal source of incremental field-level infrastructure demand. Its crude output reached 6.6 million barrels per day in 2025, supporting continued need for gathering lines, compression, separation, water-handling systems, and NGL processing capacity across the Delaware and Midland Basins [1]U.S. Energy Information Administration. "The United States produced more crude oil than any other country in 2025." eia.gov. Infrastructure requirements are increasingly shaped by associated-gas management, where takeaway availability and processing capacity determine whether production growth can be translated into reliable basin economics.
LNG development is broadening the market's demand base beyond individual upstream cycles. The United States had approximately 15 Bcf/d of operating LNG export capacity in early 2025, while construction activity at Gulf Coast facilities is creating overlapping demand for liquefaction equipment, storage, feedgas pipelines, and specialized EPC services [2]U.S. Department of Energy, Office of Fossil Energy and Carbon Management. "U.S. Liquefied Natural Gas (LNG) Exports Fact Sheet." energy.gov. FERC reported 10.1 Bcf/d of new interstate natural gas pipeline capacity in 2024, underscoring the transmission investment needed to connect producing regions with domestic and export demand centers [3]Federal Energy Regulatory Commission. "2024 State of the Market." ferc.gov.
Key Restraints
Evidence anchors use cited external data; demand implications and forecast conditions represent GMI analysis.
Pipeline developers face a more demanding project-screening environment as labor, materials, land access, and financing requirements raise the commercial threshold for new capacity. Major natural gas pipelines reported approximately USD 248 billion in gas-plant investment during 2024, illustrating the scale of sustaining and expansion capital competing for contractor capacity and equipment supply [4]Oil & Gas Journal. "Pipeline construction costs reach record $12.1 million/mile." ogj.com. Projects tied to firm LNG feedgas commitments or long-term shipper agreements are better positioned to advance than speculative expansions without contracted utilization.
Commodity-price sensitivity is unevenly distributed across the market. Export facilities and contracted transmission assets retain greater protection from short-term price volatility because their economics are supported by long-tenor commercial arrangements. In contrast, upstream surface facilities and gathering systems are more immediately exposed to producer budget revisions, particularly in basins where full-cycle returns are less resilient than in the Permian.
GMI Analyst View
We see a dual-speed investment environment emerging across U.S. infrastructure. Export-oriented LNG projects and their associated transmission networks are drawing capital toward the Gulf Coast, while upstream and gathering activity is increasingly governed by operator return discipline, productivity gains, and the availability of specialized labor and fabrication capacity.
U.S. Oil & Gas Infrastructure Market Segment Analysis
By Infrastructure Type
Upstream
Upstream infrastructure generated USD 22.7 billion in U.S. oil & gas infrastructure market in 2025 and is expected to account for 26.0% of the market by 2035. The segment remains anchored by onshore surface facilities, gathering assets, and offshore subsea and production systems. Its relative weighting moderates as export-linked infrastructure expands, but ongoing development in productive shale basins and deepwater fields sustains a substantial equipment, installation, and integrity-management base.
Midstream
Midstream infrastructure represented 47.0% of market revenues in 2025 and is projected to reach USD 52.5 billion by 2035. Its scale reflects the central role of pipelines, compression, storage, processing, and fractionation in linking production centers to consuming regions and Gulf Coast export facilities. Contracted transportation structures and LNG feedgas requirements support continued investment along key supply corridors.
Downstream
Downstream infrastructure generated USD 20.3 billion in 2025 and is forecast to grow at an approximately 4.1% CAGR (2026–2035). LNG terminal construction is the principal growth catalyst, complementing sustaining capital in refining, refined-product logistics, and export facilities. The segment's near-term expansion is tied to construction execution, while its longer-term profile shifts toward recurring operations and maintenance requirements.
By Category
Surface & Lease Equipment
Surface & lease equipment held 28.0% of market revenues in 2025 and is forecast to grow at an approximately 2.5% CAGR (2026–2035). Demand is underpinned by replacement cycles, artificial lift deployment, separation equipment, and automation requirements across active producing basins. Productivity improvements moderate unit additions, but do not eliminate the need for equipment renewal and field-level optimization.
Gathering & Processing
Gathering & processing infrastructure generated USD 17.0 billion in 2025 and is projected to reach USD 23.5 billion by 2035. Associated-gas volumes, NGL recovery needs, and basin-specific processing constraints support investment in gathering lines, compression, treating, and fractionation. The category is particularly exposed to development intensity in the Permian and to the need for reliable feedgas supply into Gulf Coast markets.
Oil, Gas & NGL Pipelines
Oil, gas & NGL pipelines generated USD 15.4 billion in 2025 and are expected to account for 18.0% of the market by 2035. Investment is increasingly concentrated in corridors with demonstrable throughput demand, contracted shippers, and direct connectivity to processing, storage, or export infrastructure. This favors strategically located transmission additions, compression upgrades, and integrity programs over broad speculative capacity buildouts.
Oil & Gas Storage
Oil & gas storage generated USD 5.7 billion in 2025 and is projected to reach USD 7.8 billion by 2035. Storage investment is supported by the operational need to balance supply, transportation, and downstream demand, particularly where LNG operations and major transmission systems require greater flexibility. Gulf Coast and producing-basin hubs remain important locations for incremental storage and related connectivity investments.
Refining & Oil Products Transport
Refining & oil products transport accounted for 17.0% of market revenues in 2025 and is projected to reach USD 17.9 billion by 2035. Spending is centered on sustaining capital, reliability programs, environmental compliance, and logistics assets rather than large-scale additions to domestic refining capacity. This creates a durable but measured demand profile for refinery contractors, equipment suppliers, and transport infrastructure providers.
Export Terminals
Export terminals generated USD 6.5 billion in 2025 and are forecast to grow at an approximately 7.5% CAGR (2026–2035). The category benefits from the simultaneous construction of Gulf Coast liquefaction facilities and associated marine, storage, and feedgas systems. As new facilities enter service, the revenue mix transitions from construction-led activity to long-term maintenance, inspection, and operating support.
GMI Analyst View
We believe the segment mix is shifting toward assets that connect U.S. hydrocarbon supply with international demand. Export terminals and supporting midstream systems are absorbing engineering capacity and capital at the same time, while upstream equipment demand remains essential but increasingly shaped by efficiency, maintenance, and selective basin development.
By Application
Onshore
The U.S. oil & gas infrastructure market's onshore segment accounted for 80.0% of market revenues in 2025 and is projected to reach USD 87.1 billion by 2035. Land-based activity is supported by the Permian, Haynesville, Eagle Ford, Marcellus/Utica, and Bakken, as well as the pipeline, processing, storage, and fractionation systems that connect those basins to domestic markets and Gulf Coast export infrastructure. Associated-gas handling and LNG feedgas demand are strengthening the case for targeted gathering, compression, and takeaway investments.
Offshore
Offshore infrastructure generated USD 16.2 billion in 2025 and is forecast to grow at an approximately 4.3% CAGR (2026–2035). Gulf of Mexico development supports demand for subsea systems, flowlines, manifolds, risers, topside equipment, and field integrity services. Longer project lead times and high capital intensity distinguish the offshore market from onshore activity, but deepwater developments provide a durable source of specialized engineering and installation work.
GMI Analyst View
We view onshore and offshore investment as complementary rather than interchangeable. Onshore infrastructure benefits from repeatable development programs in highly productive basins, whereas offshore spending is concentrated in fewer, technically demanding projects with long execution cycles. Together, these demand patterns broaden the market's revenue base and reduce reliance on any single operating environment.
U.S. Oil & Gas Infrastructure Market Share & Competitive Landscape
The U.S. oil & gas infrastructure market share landscape is fragmented, with Halliburton, SLB, Baker Hughes, Bechtel Group Inc., and Fluor Corporation collectively accounting for approximately 22.6% of market revenues in 2025. Competition is segmented by technical capability, asset ownership, project scale, geography, and contract structure. Service providers compete in production systems and field optimization, EPC firms in complex construction delivery, and midstream operators in the development and operation of contracted network assets.
Halliburton Company held 6.2% of market share in 2025. Its competitive position is supported by exposure to North American completions, production optimization, artificial lift, and surface infrastructure requirements. The company is positioned to benefit where active shale development requires recurring field-service engagement and equipment modernization.
SLB accounted for 4.8% of market share in 2025. Its production systems, well intervention, automation, and integrity-management capabilities provide exposure to both new infrastructure installation and brownfield optimization. Its technology portfolio supports differentiation in complex production environments where operators prioritize reliability, digital monitoring, and operating efficiency.
Baker Hughes Company held 4.5% of market share in 2025. The company is strategically positioned at the intersection of upstream equipment, compression, and LNG-related technology, giving it exposure to both producing-basin investment and export-terminal development. Its participation in large compression and processing applications supports a differentiated role in gas infrastructure projects.
Bechtel Group Inc. and Fluor Corporation compete through EPC execution, project controls, supply-chain coordination, and the ability to manage complex Gulf Coast energy projects. Their positioning is particularly relevant where LNG, refinery, petrochemical-adjacent, and large-scale processing projects require disciplined delivery under demanding commercial and labor conditions.
McDermott International Ltd. and TechnipFMC plc are differentiated by offshore engineering, subsea equipment, installation, and integrated delivery capabilities. Their participation in Gulf of Mexico projects reflects the importance of specialized technical execution in deepwater developments, where interface management and lifecycle reliability are decisive considerations.
Midstream participants including Kinder Morgan, Inc., Enterprise Products Partners L.P., Williams Companies, Inc., Enbridge Inc., Energy Transfer LP, Plains All American Pipeline, L.P., and Targa Resources Corp. compete through network connectivity, basin access, processing and storage integration, and the ability to secure long-term commercial commitments. Their investment decisions are increasingly tied to the location of LNG demand, associated-gas supply, and contracted transportation requirements.
Recent Industry Developments
Devon Energy Takes FID on Solitude Pipeline System (August 17, 2026): Devon Energy reached a positive final investment decision on the Solitude Pipeline System, a WhiteWater Midstream-led joint venture that will build two natural gas pipelines connecting the Permian Basin to the Katy, Texas, hub. The project is designed for 2.25 Bcf/d of initial capacity and is expected to enter service in the second half of 2029 [5]Devon Energy Corporation. "Integrating The Delaware Basin: Devon Energy Reaches Final Investment Decision on Solitude Pipeline System." investors.devonenergy.com. The development illustrates continued industry focus on Permian gas takeaway capacity and connectivity to Gulf Coast demand centers.
Williams Companies Partners with Woodside Energy on Louisiana LNG (October 22, 2025): Williams Companies entered a strategic partnership with Woodside Energy for the Louisiana LNG project and associated Driftwood Pipeline. Williams committed approximately USD 1.9 billion, acquiring an ownership interest in the LNG project and a controlling interest in the pipeline [6]Williams Companies. "Williams Accelerates Wellhead to Water Strategy with Upstream Asset Divestiture and Strategic LNG Partnership." williams.com. The transaction expands Williams' exposure to LNG-linked infrastructure while leveraging its existing Gulf Coast network position.
Need a specific section of this report?
Purchase regional analysis, country-level analysis, company profiles, or any other segment-level insights separately
based on your research needs.
Frequently Asked Questions (FAQs):
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. 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. 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. 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. 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. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Industry journals, trade publications, and specialized media.
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 20+ 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 →