IBISWorld Business Environment Report
World price of natural gas in the US
November 2011
Estimated Value in 2011: $7.99 per thousand cubic feet
2006-2011 Compound Growth: 3.7%
Forecast Value for 2016: $9.14 per thousand cubic feet
2011-2016 Compound Growth: 2.7%
The world price of natural gas is represented annually by the equally weighted monthly averages of the Russian natural gas border price in Germany, the Indonesian liquefied natural gas price in Japan and the natural gas spot price at the Henry Hub in Louisiana. Data is sourced from the International Monetary Fund.
A short-sighted proposal to garner more state revenue through a severance tax on natural gas would negatively impact the industry's development and stunt Pennsylvania's economic recovery and growth.
IBISWorld Industry Report 23712
Oil & Gas Pipeline Construction in the USMarch 2012 | Kathleen Ripley
In the pipeline: Growth in the natural gas market will keep industry demand flowing
IBISWorld Code: 23712
NAICS 2002 Code: 23712
NAICS 2007 Code: 23712
Forecast to: 2017
Next Expected Publish Date: June 2012
Major Players Referenced:
Bechtel Corporation
Fluor Corporation
Jacobs Engineering Group
Industry Definition
This industry comprises contractors who are responsible for the construction of gas and oil pipelines, mains, pumping stations, refineries and storage tanks (i.e. new work, reconstruction and repairs). It also includes construction management firms and special trade contractors that are primarily involved in oil and pipeline construction.
IBISWorld Industry Report 21111
Oil Drilling & Gas Extraction in the USDecember 2011 | Justin Molavi
Natural growth: Natural gas is set for a boom as oil maintains volatile trajectory
IBISWorld Code: 21111
NAICS 2002 Code: 21111
NAICS 2007 Code: 21111
Forecast to: 2016
Next Expected Publish Date: April 2012
Major Players Referenced:
Chevron Corp
ConocoPhillips
BP PLC
Royal Dutch/Shell Group
Exxon Mobil Corporation
Industry Definition
Firms in this industry operate and develop oil and gas field properties. Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Firms may operate oil and gas wells on their own account or for others on a contract or fee basis.
IBISWorld Industry Report 48621
Gas Pipeline Transportation in the USNovember 2011 | Justin Molavi
Move along: High demand and low prices of natural gas will support industry growth
IBISWorld Code: 48621
NAICS 2002 Code: 48621
NAICS 2007 Code: 48621
Forecast to: 2016
Next Expected Publish Date: May 2012
Major Players Referenced:
Kinder Morgan Energy Partners LP
El Paso Corporation
Spectra Energy Corporation
Williams Companies Inc
Industry Definition
Firms in this industry transport natural gas by pipelines from processing plants to local distribution systems. This industry does not include the recovery of natural gas from wells or the processing of natural gas.