Plus: ERCOT sees Texas power demand hitting 368 GW by 2032. Where's the work?
| FieldNews |
The Field Report Week of April 20, 2026 | Diesel $3.79 ↓ 4.9% | WTI Crude $94.40 ↓ 1.5% | Steel $101.56 ↑ 0.3% | Rig Count 584 ↓ 2 |
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🔥 The Big One Apollo Takes 40% Stake in Pembina, Signals Western Canada Midstream BoomApollo Global Management just bought a 40% stake in Pembina Pipeline's gas infrastructure joint venture, marking a massive vote of confidence in Western Canada midstream growth. The private equity giant is betting big on natural gas infrastructure as LNG exports ramp up. This signals serious capital flowing into pipelines, compressor stations, and processing facilities across Alberta and BC. Expect more midstream construction work in the coming months. Read the full breakdown → |
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This Week in 60 Seconds See all 39 stories from this week → |
📍 Where the Work Is | Western Canada 🔥 HOT — Apollo's Pembina investment plus Enbridge's $4B Sunrise expansion signal major midstream buildout. | | Texas 🔥 HOT — ERCOT's 368 GW demand forecast means massive power grid construction through 2032. | | New Mexico — DOT launching $2.5B highway construction blitz with federal infrastructure funds. | | Bakken — New Bison XPress pipeline shifting gas flows toward Cheyenne Hub creates midstream opportunities. |
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💬 Overheard "We're in the early innings of the North America recovery." — Halliburton executives, Q1 2026 earnings call |
📈 The Number 367,790 MW That's ERCOT's forecast for Texas power demand by 2032, nearly 4 times current peak. Means thousands of miles of transmission lines, substations, and generation facilities need building. The grid construction boom is just getting started.
ERCOT demand forecast |
On Your Radar | May 4-7 | OTC Houston — Offshore contracting opportunities |
| | May 5-7 | Oilfield Water Markets Conference — Irving, TX water management focus |
| | May 6-7 | Shutdowns Turnarounds Superconference — Houston maintenance contracting |
| | Ongoing | Army Corps $2B Microgrid Contract — 10-year electrical infrastructure opportunity |
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See all upcoming events → |
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