SOHIO (Standard Oil Co. , Ohio) to sell Prudhoe gas to Northern Natural Gas Co

Journal Article · Mon Aug 20 00:00:00 EDT 1979 · Oil Gas J.; (United States)

OSTI ID:6698372

Sohio has agreed to sell Vertical Bar3: 2 trillion cu ft of its Prudhoe Bay gas to Northern Natural Gas Co. for delivery at a rate of 170 million cu ft/day when the proposed Alaska Highway gas pipeline is completed. With the exception of approx. 4 trillion cu ft of Sohio's reserves committed to Columbia Gas System Inc., the agreement accounts for the sale of all the 26.5-27 trillion cu ft of Prudhoe Bay reserves. The contract, which is subject to approval of the U.S. Federal Energy Regulatory Commission, allows Alaska to take its one-eighth royalty share of the gas in kind or cash. Columbia Gas is the only firm planning to purchase Prudhoe Bay gas that is not participating as an equity owner in the pipeline project. According to a Columbia spokesman, it is still uncertain whether the proposed gas pipeline will be built; and the fact that Columbia has not yet signed a final agreement with Sohio does not indicate any decreasing interest in Prudhoe Bay gas.

• OSTI ID: 6698372
• Journal Information: Oil Gas J.; (United States), Vol. 77:34
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
NATURAL GAS
SALES
AGREEMENTS
ALASKA GAS PIPELINE
NATURAL GAS INDUSTRY
PRUDHOE BAY
ARCTIC OCEAN
BAYS
BEAUFORT SEA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
PIPELINES
SEAS
SURFACE WATERS
030600* - Natural Gas- Economic
Industrial
& Business Aspects
032000 - Natural Gas- Transport
Handling
& Storage