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Date of Award
Master of Science (MS)
Economics, Finance, & Accounting
Dr. Milburn Little
The introduction to this paper relates the history of natural gas production and defines terminology necessary for a minimal background knowledge of the natural gas field. The relationships of the landowner, produce, transporter, distributor, and consumer are then placed in proper context. An analysis of the varying competitive conditions to be found between the market parties is presented in the next chapter. Imperfections in the market machinery are analyzed, and the proper criteria for determining the presence of monopoly or monopsony are discussed. Regulation of the gas industry is found to be necessary. Chapter III weighs the advantages and disadvantages of the rate-base method of regulation as opposed to those of area pricing. This topic requires coverage of the major proposals for joint cost allocation. The final division is concerned with the deliberations necessary in arriving at a valid conclusion. Area pricing, though not a perfect solution, generates more acceptable conditions than those which are encountered under the dictates of the rate-base method.
Copyright 1968 J. Randall Kilbourne
Kilbourne, J. Randall, "An Analysis of the Wellhead Price of Natural Gas in the United States" (1968). Master's Theses. 1130.