SOURCE: Industrial Info Resources

September 25, 2008 07:00 ET

Capital Spending to Exceed $1.9 Billion Starting in 4Q08 in North American Oil & Gas Industry, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 25, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- According to project data extracted from Industrial Info's PECWeb industrial project database, more than $1.9 billion in capital dollars in construction starts are expected when the last quarter of 2008 rolls around. Thirty-six projects are expected to get under way in the Oil & Gas Industry, including oil and gas field drilling programs, new gas plant construction, upgrade activity, compressor station additions and plant maintenance turnarounds. Companies with planned projects include SandRidge Energy (NYSE:SD) (Oklahoma City, Oklahoma) Occidental Petroleum (NYSE:OXY) (Houston, Texas), Connacher Oil and Gas (TSX:CLL) (Calgary, Alberta) and DCP Midstream Partners (NYSE:DPM) (Denver, Colorado).

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