The Plains region is the sixth largest industrial gas market out of the eight regions in the US, and revenues generated by the commercial industrial gas market in the Plains amounted to just under $1.7bn in 2019. That amount is a jump from $1.14bn in 2009, indicating an average annual growth rate of 4%.
The region’s economy has historically relied on arable farming and cattle ranching to drive growth, but since 2000, the Plains region has diversified its output with the ongoing oil boom in North Dakota, which is the second largest oil producer in the US.
Industrial gas business
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