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US oil & gas market to be worth $867.9 billion by the end of 2016

Press Release   •   Jul 30, 2012 10:14 BST

The US oil & gas market is forecast to accelerate at an anticipated compound annual growth rate (CAGR) of 4.7% over the next five years, which is expected to drive the market to a value of $867.9 billion by the end of 2016.

Growth within the US oil & gas market looks set to be driven by improved corporate balance sheets and the stockpile of corporate and energy private equity funds targeted toward oil and gas investment, along with the continued interest from foreign investors in Asia and Europe remaining strong.

Production volumes within the US oil & gas market increased at a relatively small CAGR of 0.1% between 2007-2011, to reach a total of 11,943.3 millions of barrels of oil equivalent (BOE).

The US oil & gas market consists of the activities of exploration and production of oil & gas. The market values given in this report reflect the total value of oil and natural gas product consumption within a country, calculated using annual average prices in each respective country.

In 2011, the US oil & gas market had total revenue of $690.5 billion, representing a compound annual rate of change (CARC) of -0.8% between 2007 and 2011.

Transactions values within the US oil & gas market increased over 30% in 2011 compared to 2010, while deal volume increased almost 14% over the same time frame. US transactions accounted for over 50% of total global oil and gas transaction values during 2011 and approximately 45% of total global oil and gas deal volumes for the same period.

For more information on the US oil & gas market, see the latest research: US Oil & Gas Market Report

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