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Title: How Exchange And Transportation Agreements Have Changed Gas Accounting
Author: James H. Coyle
Source: 1976 Gulf Coast Measurement Short Course (Now called ASGMT)
Year Published: 1976
Abstract: Transport and exchange agreements are not new to the gas industry. Gas companies have, for years, served each other by transporting volumes of gas for a minimum charge per MCF and exchanging volumes of gas on a MCF for MCF basis without charge. Due to the present gas shortage and the changes in FPC regulations, the number of transport and exchange agreements have increased, and the contract provisions are more complicated. The purpose of this report is to study the measurement provisions of the transport and exchange contracts as they are being written today and explain the accounting procedures followed when working with these agreements.

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