Conceal

A ranking of top power marketers by first quarter sales volumes shows very little movement among the ranks from the fourth quarter and a continuing increase in volumes, which were up 72% from the first quarter of last year, according to data collected by Energy Performance Review and NGI. However, the picture should change significantly this year as the market begins to shrink, trading counterparties are reduced in number, companies scale back their trading volumes due to closer scrutiny by regulators and the removal of “round-trip” or “wash” trades, and some companies exit the marketing and trading (M&T) business entirely, according to industry experts.

On average, U.S. gas production appears to have been up slightly (2%, according to financial reports from 25 producers) at the end of the third quarter compared to 3Q99. However, there was a wide variation among producers, with some reporting huge increases, such as Mitchell Energy, Devon and Coastal, while others reported large declines, including Amerada Hess, Texaco, Kerr McGee and Ocean Energy (see preliminary tally).

On average, U.S. gas production appears to have been up slightly(2%, according to financial reports from 25 producers) at of theend of the third quarter compared to 3Q99. However, there was awide variation among producers, with some reporting huge increases,such as Mitchell Energy, Devon and Coastal, while others reportedlarge declines, including Amerada Hess, Texaco, Kerr McGee andOcean Energy (see preliminary tally below).

An executive with Conoco Inc. last week accused interstatepipelines of intentionally burying information that customers needto determine whether pipes are exceeding their authorized rates ofreturn (RORs), which he strongly suspects is the case.

An executive with Conoco Inc. this week accused interstatepipelines of intentionally burying information that customers needto determine whether pipes are exceeding their authorized rates ofreturn on equity (RORs), which he strongly suspects is the case.