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Natural gas decontrol. Talk has little effect on NGPA applications. [Natural Gas Policy Act of 1978]

Journal Article · · Drill Bit; (United States)
OSTI ID:6383596
Even though the possibility of decontrol of natural gas prices is being discussed, applications under the Natural Gas Policy Act of 1978 continue to flood the Texas Railroad Commission. As of mid-March, 33,965 applications had been filed with the TRC seeking ceiling price designations under the Act. During the first part of the year, the commission sponsored seminars in different parts of the state to explain the provisions of the Act and the commission's procedures in handling applications filed under the NGPA. Title 1 of the NGPA contains the wellhead pricing provisions. Eight major categories of domestically-produced gas with certain statutory maximum price levels are applied to all first sales. In Texas the TRC has jurisdiction over 4 of these categories: Section 102 - new natural gas; Section 103 - new, onshore production natural gas; Section 107 - high-cost natural gas; and Section 108 - stripper well natural gas. The Federal Energy Regulatory Commission in Washington has jurisdiction over the other categories which include: Section 104 - sales of natural gas dedicated to interstate commerce; Section 105 - sales under existing intrastate contracts; Section 106 - sales under roll-over contracts; and Section 109 - other categories.
OSTI ID:
6383596
Journal Information:
Drill Bit; (United States), Journal Name: Drill Bit; (United States) Vol. 30:5; ISSN DRBIA
Country of Publication:
United States
Language:
English