Gas Marketing Declined in 2Q2009; 
Market 'Plagued by Wishful Thinking'

Weak national demand led all but a handful of companies to see natural gas marketing declines during the second quarter as the total volume sold in North America fell 9% -- almost 11 Bcf/d -- according to NGI's 2Q2009 Top North American Gas Marketers Ranking. read more

Top North American Gas Marketers (Bcf/d)

Company

2Q2009

2Q2008

Change

BP*

27.70

30.30

-9%

ConocoPhillips*

14.20

14.20

0%

Shell Energy NA*

13.50

13.70

-1%

Macquarie Cook Energy***

8.12

n/a

n/a

Louis Dreyfus*

7.67

7.95

-4%

Chevron*

6.29

8.32

-24%

RBS Sempra*

6.05

8.90

-32%

Tenaska*

4.80

5.10

-6%

Nexen

4.60

7.30

-37%

EnCana**

3.79

3.84

-1%

ONEOK

2.84

2.91

-2%

Devon**

2.79

2.52

11%

Sequent

2.60

2.40

8%

XTO**

2.35

1.80

31%

Anadarko

2.33

1.87

25%

Chesapeake**

2.25

2.15

5%

ExxonMobil

1.89

1.97

-4%

Merrill Lynch*

1.65

2.43

-32%

Enserco

1.58

1.60

-1%

Canadian Natural

1.35

1.53

-12%

CenterPoint Energy

1.25

1.42

-12%

Apache**

1.04

1.12

-7%

El Paso

0.84

0.90

-7%

Atmos

0.84

0.82

2%

Total*

122.32

n/a

n/a

Source: Quarterly financial reports with the Securities and Exchange Commission, or if necessary, statements signed by company officials and provided to NGI.

*Companies providing data directly to NGI include BP, Chevron, ConocoPhillips, Louis Dreyfus, Macquarie Cook Energy, Merrill Lynch, RBS Sempra, Shell Energy NA and Tenaska. **The gas volume figures for Apache, Chesapeake, Devon, EnCana, ExxonMobil and XTO represent the amount of North American gas produced in the quarter. Those companies may be marketing more third-party gas for sale. ***Macquarie Cook integrated Constellation Energy's gas trading business into its operation at the beginning of April 2009. No combined data is available for 2Q2008. Macquarie Cook Energy data reflects Macquarie Cook Energy LLC's transactions in the United States and Macquarie Cook Energy Canada's transactions in Canada.