During the next decade, the oil and gas industry is projected to make nearly $1 trillion in infrastructure investments that will result in more than 900,000 jobs nationwide, according to a report by IHS Global Insight and the American Petroleum Institute. More than half of the total investments are expected to go to projects in the South, resulting in $41.5 billion being invested annually and more than 500,000 jobs from 2014 to 2024. The study predicts companies will spend an average of $73.8 billion per year from 2014 to 2025 to build new storage and processing facilities and pipelines to transport refined products, crude oil, natural gas, and natural gas liquids such as ethane and propane. Significant investments also will be made in rail cars and marine vessels to transport oil and natural gas. 

Spending in transportation and storage infrastructure has grown 60 percent since 2010 and reached an estimated $89.6 billion in 2013, according to IHS Global Insight.