Marketers Report 4% Decline in 3Q09;
Near Term 'Volatile and Tricky'

While economists say the recession has ended and some economic indicators have begun to trend upward, continued weak demand led to another decline in natural gas marketing during the third quarter, with the total volume sold in North America tumbling 4% -- nearly 5 Bcf/d -- according to NGI's 3Q2009 Top North American Gas Marketers Ranking. read more

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 BP, Chevron, ConocoPhillips, EDF Trading NA (formerly Eagle Energy Partners), JP Morgan, Louis Dreyfus, Merrill Lynch, RBS Sempra, Shell Energy and Tenaska. *Macquarie Cook integrated Constellation Energy's gas trading business into its operation at the beginning of April 2009. No combined data is available for 3Q2008. Macquarie Cook Energy data reflects Macquarie Cook Energy LLC's transactions in the United States and Macquarie Cook Energy Canada's transactions in Canada. **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.

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