Increased oil and natural gas production from unconventionals has led to an unprecedented construction boom across gathering and transmission lines, compression, cryogenic and fractionation plants. As drilling and completion activity falls this infrastructure build out will inevitably slow, putting increased pressure on both transmission infrastructure owners and companies involved in their construction. Midstream infrastructure also faces growing challenges from regulators and the public which can significantly slow or stop planned projects. Export focused infrastructure, both to bring commodities to coasts and to allow for loading onto tankers, will account for an increasingly large proportion of spending, though even these projects are at risk due to global economic conditions. Water transportation and recycling infrastructure which can help drive down operating costs and reduce environmental impacts will also account for a growing share of new installations, though risks to asset owners are growing as activity levels decline. Midstream infrastructure owners and midstream focused service companies need to adapt by focusing on profitability in the face of reduced growth, while service providers need to focus on inspection and maintenance activity for the now much larger base of infrastructure while diversifying geographically and across the types of infrastructure they service.