Construction plans jump; operations skid in 1996
Federally regulated oil and gas pipelines turned in mixed performances in 1996, a review of annual reports filed with the US Federal Energy Regulatory Commission (FERC) shows. Plans for new pipeline construction, filed with both the FERC and Canadian regulatory bodies, increased during a 12-month period ending June 30, 1997. Natural-gas pipeline operating companies increased their operating revenues but saw their incomes fall; oil pipelines saw both revenues and incomes fall sharply as deliveries were flat. Major natural-gas pipelines slightly increased the amounts of gas they moved for a fee and decreased gas sold out of their systems. In 1996, liquids pipelines moved fewer barrels than a year earlier and reduced in all categories the miles of line operated. Each year in this exclusive report, Oil and Gas Journal tracks revenues and incomes earned from operations along with volumes moved, as submitted to the FERC by US regulated interstate pipeline companies. Data are presented on the following: pipeline revenues, incomes--1996; North American pipeline-construction costs; US pipeline costs--estimated vs. actual; North American compressor construction costs; US compressor costs--estimated vs. actual; Canadian pipeline-construction costs, actual; US interstate mileage; investment in liquids pipelines; 10 years of land-construction costs; top 10 interstate liquids lines; top 10 interstate gas lines; liquids pipeline companies; and gas pipeline companies.
- OSTI ID:
- 509424
- Journal Information:
- Oil and Gas Journal, Vol. 95, Issue 31; Other Information: PBD: 4 Aug 1997
- Country of Publication:
- United States
- Language:
- English
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