By November 9, 2018 0 Comments Read More →

Once sleepy pipeline sector now at center of the action

Pipelines have traditionally operated as the dull middle man of the energy sector, a business so boring that the hard-charging Enron dumped its pipeline holdings to chase sexier businesses during its rapid, but short-lived rise.

Today, however, the once sleepy industry is where the action is, attracting billions of dollars in investment, launching new companies and spurring a wave of mergers, acquisitions and sales. Nowhere is the action more intense than in Texas, where companies of all sizes, public and private, are planning to spend more than $40 billion to build or expand almost 10,000 miles of pipelines — long enough to stretch from West Texas to China — to connect booming oil production in the Permian Basin primarily to refining and export markets along the Gulf Coast.

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Posted in: Daily News

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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