Competing for gas sales in a fluctuating market

Conference · Sun Apr 01 04:00:00 EST 1984 · Soc. Pet. Eng. AIME, Pap.; (United States)

OSTI ID:6522473

Derrick, A M

The gas industry has experienced a declining market during the past two years. The Anadarko Basin has been particularly hard hit due to the higher costs experienced for drilling in this area and the fact that a substantial portion of the gas is deregulated and has been sold at prices above the market clearing price if sold incrementally. This has caused many purchasers to reduce the prices paid at the wellhead through market-out clauses in the gas purchase contracts. The demand for natural gas increased each year from the end of World War II until the early 1980's. The gas supply was generally adequate to meet this demand until the early 1970's. The demand increased as a result of price controls of interstate gas at levels below cost of alternate fuels. As the country suffered through a gas supply shortage during the 1970's, Congress and the President were forced to take action to increase the gas supply. The result was the passage of the natural gas policy act of 1978 (NGPA).

• Research Organization: El Paso Natural Gas Co.
• OSTI ID: 6522473
• Report Number(s): CONF-8404161-
• Conference Information: Journal Name: Soc. Pet. Eng. AIME, Pap.; (United States) Journal Volume: SPE 12617
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003 -- Energy Planning & Policy-- Natural Gas
DEREGULATION
ECONOMICS
ENERGY SOURCES
FEDERAL REGION VI
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
LAWS
MARKET
MINERAL RESOURCES
NATIONAL ENERGY ACT
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
NATURAL GAS INDUSTRY
NATURAL GAS POLICY ACT
NORTH AMERICA
OKLAHOMA
PRICES
RESOURCES
SUPPLY AND DEMAND
TEXAS
USA