Petroleum Independent articles from April 1991

Petroleum Independent archives from April 1991

Energy bills come from both sides of the aisle. (bills introduced by Sen. Tim Wirth and Rep. Norman Lent)
April 1, 1991... Sen. Tim Wirth (D-Colo.) and Rep. Norman Lent (R-N.Y.) introduced bills on Mar. 21 that contain a number of tax provisions designed to encourage domestic exploration and production, according to IPAA Resident Tax Specialist Mike Hilger. Sen....

IPAA submits testimony to Senate committee. (Independent Petroleum Association of America; Senate Energy and Natural Resources Committee)
April 1, 1991... Editor's note: The following is the executive summary of a written statement by Denise Bode, president, Independent Petroleum Association of America, submitted to the Senate Energy and Natural Resources Committee on April 5, 1991. The statement...

An independent voice. (Independent Petroleum Association of America and the natural gas industry) (column)
April 1, 1991... Dear Independent: The IPAA has been one of the principal advocates of natural gas regulatory reform, particularly to provide relief to the natural gas industry's least healthy segment: the producers. Regulatory policy is among the causes...

Liquefied natural gas: the next import threat?
April 1, 1991... One of the proposals included in the Bush administration's National Energy Strategy calls for the elimination of the Natural Gas Act requirement that gas importers must obtain government authorization. Furthermore, the provision would allow...

Changing the system. (flawed gas industry regulatory system)(natural gas debate; includes related article) (Cover Story)
April 1, 1991... By George M. Yates HEYCO, Roswell, N.M. Welcome to Petroleum Independent's fifth annual natural gas issue, this time featuring articles by Independent Petroleum Association of America members active in natural gas issues as well as...

New legislation, new expectations. (gas industry legislation)
April 1, 1991... Certainly the Gulf War taught the public the dangers of excessive dependence on foreign energy supplies, and at least two comprehensive bills have been introduced to address a wide-ranging set of concerns. These bills will be the vehicles for...

Creating the policy reform act. (Natural Gas Policy Reform Act)
April 1, 1991... By Chris Kennedy, chairman of IPAMS Natural Gas Committee, and Ken Wonstolen, Gorsuch, Kirgis, Campbell, Walker & Grover. In an unprecedented effort to form a coalition of often divergent viewpoints, Sen. Timothy Wirth (D-Colo.) asked a...

Merchants of natural gas. (pipelines as purchasers of gas)(includes related article)
April 1, 1991... Traditionally, most of the gas flowing through interstate pipelines was purchased by the pipeline at the wellhead and resold to distributors and end-users. Since the mid-1980s pipeline operations have shifted so that a very small portion of the...

Pipeline marketing affiliates.
April 1, 1991... Pipelines affording their marking affiliates special advantages continues to be a concern for independents who must compete with those affiliates for sales. In 1988, FERC adopted Order No. 497 to establish standards of conduct for these...

Take-or-pay cost recovery. (cost of settling producer take-or-pay contract claims)
April 1, 1991... The gas industry continues to struggle with the question of who should bear the cost of settling producer take-or-pay contract claims. In the first instance, producers have borne the greatest burden by settling these claims for a small...

Looking at imports - case by case. (natural gas imports)
April 1, 1991... Natural gas imports continue to grow. In 1986, only 750 Bcf of gas was imported. This rose to 1,382 Bcf in 1989. With numerous pipeline construction projects either proposed at the Federal Energy Regulatory Commission or on the drawing boards,...

Will America have a viable National Energy Strategy? (column)
April 1, 1991... By Gary D. Nicholson, President LTV Energy Products Co. Editor's Note: Gary Nicholson has been president and CEO of LTV Energy Products Co. since 1986. He joined the company (then known as Continental Emsco Co.) in 1981 as vice...

A new approach to business. (limited liability companies) (column)
April 1, 1991... Limited liability companies (LLC) offer a new approach in structuring business operations that own oil and gas assets. An LLC is a new entity that has features of both "S" corporations and limited partnerships, but has decided advantages over...