Posted on: 12. 26. 18
2018 was a year for growing optimism in the oil and natural gas industry. With 2019 quickly approaching, facility managers may be curious about how to approach a new year in a now blossoming industry.
At Pro-Gas LLC, we believe in promoting positivity in our industry and are proud to present some new year’s insight on what the industry can expect in 2019.
Oil and Gas Looks Positive for the New Year
According to the experts at Deloitte and Touche LLP, the industry is starting 2019 off on a higher note than in 2018. All sectors of the industry should see positive starts, but the most flourishing areas are set to be the downstream and chemical sectors of oil and gas.
Rig deployment, exploration, and CAPEX are also set to rise in 2019. With this type of growth at the forefront of industry leader’s minds, we see an uptick in the need for reliable facility equipment and services that will keep the industry flowing.
Concerns to Watch Out For
While the overall prediction for the new year is positive, some executives still have some caution to look out for, especially when looking at the short-term and medium-term for the industry. Those creeping into the new year with caution are doing so because of the risk of rising costs due to:
- Rising oil prices
- Geopolitical tension
- Pipeline constraints on the rise
Trends to Pay Attention to in 2019
Every year, the oil and gas industry see trends that can help or hinder the success of facilities. 2019 is no different, so here are a few of the leading trends that we plan on delving into this coming year!
Natural Gas as a Whole
Even though the Marcellus and Permian Basins are rich locations for natural gas in the US, they tend to become overshadowed by the oil sector of our industry. Remember, natural gas is a resource that is quickly growing to be a reliable source of power that could show an effective long-term change in energy markets. Natural gas could be a game-changer in 2019, and facility managers need to realize why it is here to stay.
Infrastructure
Infrastructure is going to continue to be an important topic in 2019. By expanding and increasing pipelines and facilities, major steps can be taken for the field as a whole. However, there are several roadblocks that can delay progress from the main 2019 industry concerns. Keeping an eye on this area is critical because it can swing either way.
The Growth of Digital Tech in the Field
Even though digital technology in the oil and gas field has been seen as one of the leading threats to the industry, it is also something that can be a huge opportunity for industry value and it creates additional jobs in the oil and gas industry. AI and software have the chance to increase efficiency and reliability in local plants. We look forward to digging deeper into this section of the industry as the year progresses.
Make 2019 a Trendsetting Year at Your Facility with Pro-Gas, LLC
Pro-Gas LLC is here to wish your facility a happy and prosperous 2019. If you know that your facility is in need of reliable equipment or storage services for your NGLs or oils, contact us today. Our experts are prepared to answer your questions and make sure you start the new year off on the right foot!
