Texas Leads the Way as U.S. Oil & Gas Projects Rise from $288B in 2013 to $379B in 2014
There are 6,322 active U.S. industrial projects totaling $379 billion that are scheduled to begin construction in 2014, according to Industrial Info's Industrial Project Database.
At the end of January 2013, about $288 billion worth of industrial projects were scheduled to begin construction for the remainder of the year.
The database shows that there are more than 780 projects totaling about $71 billion, with Texas having the most, accounting for 19 percent of the value of industrial projects scheduled to begin construction in 2014.
READ ALSO: 2014 North American Industrial Project Start Projections Up $96B from 2013
The second largest state is Louisiana, with 379 projects totaling $45.7 billion. California is third-largest, with 338 projects totaling $30.5 billion.
Rounding out the top 10 is Indiana, Illinois, Pennsylvania, Ohio, Oregon, Alaska, and Nevada.
The Oil & Gas Production Industry has grown dramatically over the past year with 75 projects totaling $24 billion, passing the Chemical Processing and Power industries as the top industry for planned projects in Texas, according to Industrial Info.
To read Industrial Info's full report on this story, go here.
