Rough Ride in 2Q for North America's Natural Gas Marketers

U.S. natural gas marketers were in the midst of a full tactical retreat in the second quarter, with only seven of 24 companies reporting higher numbers compared with the same quarter last year, resulting in an 11% (14.82 Bcf/d) overall decline in gas sales transactions in 2Q2013 compared with 2Q2012, according to NGI's 2Q2013 Top North American Gas Marketers Ranking. read more

Top North American Gas Marketers (Bcf/d)

 

Company

2Q2013

2Q2012

Change

1.

BP

21.70

23.60

-8%

2.

ConocoPhillips

11.49

16.27

-29%

3.

Shell Energy NA

10.70

13.13

-19%

4.

Macquarie Energy*

8.94

10.13

-12%

5.

EDF Trading NA

6.90

7.30

-5%

6.

Tenaska

6.10

6.50

-6%

7.

Chevron

5.90

5.60

5%

8.

Sequent

5.30

4.90

8%

9.

JP Morgan

5.22

6.28

-17%

10.

ExxonMobil **

3.93

4.29

-8%

11.

J. Aron & Co.***

3.70

4.13

-10%

12.

Castleton Commodities

3.69

5.64

-35%

13.

Chesapeake**

3.05

3.02

1%

14.

Encana**

2.77

2.80

-1%

15.

Anadarko

2.65

2.54

4%

16.

Devon**

2.44

2.57

-5%

17.

Southwestern Energy Co.

2.07

1.85

12%

18.

CenterPoint Energy

1.51

1.40

8%

19.

Apache**

1.38

1.46

-5%

20.

Gavilon

1.33

1.40

-5%

21.

Canadian Natural

1.12

1.26

-11%

22.

Atmos

0.92

0.88

5%

23.

BOA Merrill Lynch

0.85

1.08

-21%

24.

Gazprom

0.69

1.14

-39%

 

Total

114.35

129.17

-11%

Source: Quarterly financial reports with the Securities and Exchange Commission, or if necessary, statements signed by company officials and provided to NGI. Some previous-year data has been updated by the companies since it was originally reported.

Companies providing data directly to NGI include Bank of America Merrill Lynch, BP, Castleton Commodities Merchant Trading (formerly Louis Dreyfus), Chevron, ConocoPhillips, EDF Trading NA, Gavilon, Gazprom, J. Aron & Co., JP Morgan, Macquarie Energy, Shell Energy and Tenaska. *Macquarie Energy data reflects Macquarie Energy LLC's transactions in the United States and Macquarie Energy Canada's transactions in Canada. **The gas volume figures for Apache, Chesapeake, Devon, Encana and ExxonMobil represent the amount of North American gas produced in the quarter. Those companies may be marketing more third-party gas for sale. ***J. Aron & Co. is the commodity trading subsidiary of Goldman Sachs.