Evolution of fair market value of natural gas in the U. S

Conference · Sat Oct 01 04:00:00 EDT 1983 · Soc. Pet. Eng. AIME, Pap.; (United States)

OSTI ID:5356862

Smith, S; Baumel, J K

This paper traces the guidelines adopted by the Courts by which fair market value of natural gas can be determined. A history of the Natural Gas Industry is discussed with special emphasis on conditions that caused certain factors to be used in market value calculations. Each new factor on determination used gave greater comparability of natural gas in any particular case. Vela v. Texas Oil and Gas Corporation was the most influential and set factors that should be used in such determination of fair market value. The weighted average approach is the best method to determine the fair market value of natural gas; it follows Vela's definition of comparable gas and uses good engineering precepts.

• Research Organization: Sol Smith and Assocs.
• OSTI ID: 5356862
• Report Number(s): CONF-8310121-
• Conference Information: Journal Name: Soc. Pet. Eng. AIME, Pap.; (United States) Journal Volume: SPE12189
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
APPRAISAL
CALCULATION METHODS
COURTS
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
LAWSUITS
MARKET
NATURAL GAS
NATURAL GAS INDUSTRY
NORTH AMERICA
PRICING REGULATIONS
RATE STRUCTURE
RECOMMENDATIONS
REGULATIONS
USA
VALUES