Legal Opinion
Exxon Corp. v. United States Department of Energy
Temporary Emergency Court of Appeals
Decided December 17, 1984No. Nos. 5-104, 5-105, 5-107, and CA-3-75-0836-WPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM DECISION
CHRISTENSEN, Judge.
THE PROBLEM
A natural gas stream as it is produced from a gas reservoir is a mixture of natural gas liquids (NGLs)1 and methane. *652When a producer extracts NGLs from this “wet” gas stream instead of marketing it as such, volumetric (Mcf), and thermal (Btu) values of the stream are reduced. “Subpart K” and “Subpart E” (as later harmonized with Subpart K retroactively) of the regulations under the Emergency Petroleum Allocation Act (EPAA) first recognized this “shrinkage” as a product cost for authorized recovery through increases in maximum allowable prices…
2Cases cited33 opinions
- Motor Vehicle Mfrs. Assn. of United States, Inc. v. State Farm Mut. Automobile Ins. Co.Supreme Court of the United States · 1983
- Udall v. TallmanSupreme Court of the United States · 1965
- Bowman Transportation, Inc. v. Arkansas-Best Freight System, Inc.Supreme Court of the United States · 1975
- Bankers Trust Co. v. MallisSupreme Court of the United States · 1978
- United States v. F. & M. Schaefer Brewing Co.Supreme Court of the United States · 1958
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3Cited by1 opinion
- MAPCO International Inc. v. Federal Energy Regulatory CommissionTemporary Emergency Court of Appeals · 1993