The increased activity of shale gas extraction in the United States is also driving investment in new cryogenic gas processing plants. Caballo Energy announced in September 2012 of plans to build a new cryogenic gas processing plant to manage the growing natural gas production in the Mississippi lime and Cana Woodford shale plays. This new facility will have a capacity of 60 million cubic feet of natural gas per day with the plant expected to be operating by 2013. Caballo Energy has a total processing capacity of 100 Mmcf/d.
The continued need for gas sources and investment in the extraction of gas from shale beds is expected to drive continued growth in the global cryogenics market.