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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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