CONTENTS ORAL STATEMENTS Brown, Hon. George E., Jr., a U.S. Representative from the State of Canfield, Monte, Jr., deputy director, Ford Foundation Energy Policy Hart, Hon. Philip A., chairman, Subcommittee on Anitrust and Monopoly, Mann, Dr. H. Michael, Director, Bureau of Economics, FTC; accompanied Nassikas, Hon. John N., Chairman, FPC; accompanied by Rush Moody, Jr., Albert B. Brooke, Jr., William P. Diener, Webster P., Maxson, Emmett J. Gavin, Roy Fausset, Thomas J. Joyce, Leo E. Forquer, Gordon K. Zareski, Paul J. Root, Warren Morrison, and Haskell P. Pifer, Howard W., III, professor, Graduate School of Business Administra- Roth, Alan J., executive assistant to the chairman, New York State Public Service Commission (on behalf of Chairman Joseph C. Swidler); ac- Schwartz, Dr. David, Assistant Chief, Office of Economics, FPC. Ture, Dr. Norman B., on behalf of the Gas Supply Committee.. Wilson, Dr. John W., Chief, Division of Economic Studies, Office of Eco- nomics, FPC; accompanied by George Donkin, staff member...--- White, Lee C., chairman, Energy Policy Task Force, Consumer Federa- Letter to Kenneth F. Plumb, Secretary, FPC, from Senator Philip A. Hart, re FPC proposal for approving prices for natural gas at the well- Letter to Kenneth F. Plumb, secretary, FPC, from members of the Joint Economic Committee, U.S. Congress, re procedure for certificating new producer sales of natural gas.. Bartlett, Hon. Dewey, a U.S. Senator from the State of Oklahoma, speech Letter to Hon. John N. Nassikas, Chairman, FPC, from Senator Philip A. 38 mittee, and John N. Nassikas, Chairman, FPC, confirming FPC staff 39 Nassikas, John N. (and panel), Chairman, FPC, material relating to the testimony of: Prepared statement, with attachments Table 1: U.S. Uncommittee Reserves Page 43 65 Table 2A: Sales to pipeline companies in 1971. 66 66 67 67 68 Table 5: Listing of 4-firm concentration ratios exceeding 60 68 Table 6A: Turnover of top eight sellers to pipelines, 1964-69, 69 Table 6B: Turnover of top eight sellers to pipelines, 1964-69, 70 Table 6C: Turnover of top eight sellers to pipelines, 1964-69, Texas Memo: Revised staff report, large producer reserves available Letter to Chairman Engman, FTC, from Chairman Nassikas, FPC, FPC order directing study of natural gas reserves and procedures for Memo from William P. Diener, FPC, to Owen Johnson, FPC, re Letter from William P. Diener, FPC, to Senator Hart, chairman of Pifer, Howard W., III, professor, Graduate School of Business Adminis- Exhibit 5: Estimates of proved recoverable gas reserve.. 175 Letter to Paul J. Root, FPC, re comments concerning Technical 175 Letter to Paul J. Root, FPC, from David S. Schwart, FPC, 178 Roth, Alan J., executive assistant to the chairman, New York State Public Service Commission (on behalf of Chairman Joseph C. Swidler,) material relating to the testimony of: Exhibit 1: Prepared statement of Mr. Swidler......... 185 Exhibit 2: "Energy and the Environment" by Jospeh Swidler, dated 192 Engman, Hon. Lewis A., Chairman, FTC, material relating to the testimony of: Exhibit 1: FTC response to Senator Hart's request for reports.. 208 209 215 Investigation of gasoline marketing practices and competition in 218 Exhibit 2: Excerpt from Washington Post entitled "FTC Report See also exhibits 3, 5, 6, and 9 to testimony of James T. Halverson. Halverson, James T., Director, Bureau of Competition, FTC, material relating to the testimony of: Exhibit 1: Correspondence relating to FTC's attempt to get informa- Exhibit 4: Response of James T. Halverson to Gulf Oil Corp. re- Exhibit 5: Response of Continental Oil Co. to testimony of Chairman Page 222 233 239 256 257 260 Exhibit 6: Response of Chairman Engman to response of Continental 262 Exhibit 7: Response of James T. Halverson to Continental Oil Co. letter of July 6, 1973 264 Exhibit 8: Response of Continental Oil Co., to letter of James T. 267 Exhibit 9: Letter transmitting information requested of Chairman Engman and James T. Halverson during testimony before the subcommittee__ 268 Exhibit 10: Response of William E. Simon to testimony of James T. 269 Exhibit 11: Response of Robert E. Lewis, FTC, to response of William 270 Exhibit 12: Response of Frank C. Allen to testimony of James T. 271 Exhibit 13: Response of James T. Halverson to letter of Frank C. 272 Mann, Dr. H. Michael, Director, Bureau of Economics, FTC, accompanied by John Mulholland and Doug Webbink, staff members, material relating to the testimony of: Exhibit 1: Prepared statement of Dr. Mann 278 Exhibit 2: Dr. Mann's response to Senator Hart's request concerning the conglomerate merger study and the concentrated industries studies 282 Exhibit 3: FTC memo of April 22, 1971, re Commission study alternatives in the energy sector (with attachments) _ _ 283 Attachment 1: Possible dimensions of Commission energy study-- 290 sources_ 309 Table 2: Household and commercial gross consumption of 309 Table 3: Industrial gross consumption of energy resources.. 310 310 Table 5: Ownership, reserve patterns of 15 largest coal pro- 310 Table 6: Coal land ownership and assessed value in Ken- 311 Table 7: Coal land ownership, acreage, assessed value in 311 Table 8: Nonproductive coal permits, leases of coal and oil 312 Table 9: Oil and conglomerate company acquisitions, coal 312 Table 10: Average rate of return on invested capital, inde- 312 Table 11: Percent return on common stock, various industry 313 Table 12: Net profit, ranking, firms making large coal acqui sitions 313 Table 13: Commercial capability to process and fabricate 313 Table 14: Bituminous coal exports.. 314 Page Attachment 2: Proposed Study Protocol.- Table 1: Energy consumption by major consumer group- 314 328 328 329 329 329 330 330 330 331 331 331 Table 12: Diversification in energy industry by 25 largest 332 Table 13: Indicated present or future capability of oil com- 332 Table 14: Public land coal leases held by oil companies__ 332 333 Table 16: Leading firms by sales to interstate pipelines, 1965. Table 17: Leading firms by sales to interstate pipelines, 1968 Exhibit 4: Letter from Commissioner Larson, AEC, re availability of uranium production and reserves. 333 333 333 Ture, Dr. Norman B., on behalf of the Gas Supply Committee, material relating to the testimony of: Table 1: Number of natural gas producers. 336 Table 2: Growth of sales by small producers to interstate pipelines, 1961-71_ 338 Table 3: Interstate and intrastate gas prices, 1966-69. 343 344 353 381 385 Table: Estimates (annual) of reserves and production, 1962-72-Exhibit 3: Response of W. O. Senter, executive vice president, Gas Supply Committee, to certain matters raised during the hearing__ Table: Weighted average, range of rates for intrastate sales after July 1, 1970__ 398 408 Table: Weighted average, range of rates for intrastate sales 410 Exhibit 4: Response of James T. Halverson to comments of W. O. 412 Exhibit 5: Response of W. O. Senter to comments of James T. Halverson (exhibit 4)_ 417 Exhibit 6: Response of Joseph C. Swidler, New York Public Service 418 Schwartz, Dr. David, Assistant Chief, Office of Economics, FPC, material relating to the testimony of: Table I: Total wells drilled for hydrocarbons, gas and gas condensate, gas and gas condensate exploratory, and development wells, 196372. 447 Table II: Gas reserve production and price data, 1963-72- 447 448 Table IV: Offshore Louisiana Federal oil and gas lease sales, 1962, 1970 449 Table V: Cost of incremental gas supplies under varying supply-price elasticity assumptions. 449 Table VI: Summary of contracts of major producers, expiring by own terms, 1973-80, by year, for south Louisiana, Permian Basin Hugoton-Anadarko, Texas Gulf Coast areas. 450 Table VII: Top 5 producers with highest 1971 volume sales under contracts expiring 1973-80, by year....... 452 |