U.S. interstate pipelines ran more efficiently in 1994

Abstract

Regulated US interstate pipelines began 1995 under the momentum of impressive efficiency improvements in 1994. Annual reports filed with the US Federal Energy Regulatory Commission (FERC) show that both natural-gas and petroleum liquids pipeline companies increased their net incomes last year despite declining operating revenues. This article discusses trends in the pipeline industry and gives data on the following: pipeline revenues, incomes--1994; current pipeline costs; pipeline costs--estimated vs. actual; current compressor construction costs; compressor costs--estimated vs. actual; US interstate mileage; investment in liquids pipelines; 10-years of land construction costs; top 10 interstate liquids pipelines; top 10 interstate gas pipelines; liquids pipeline companies; and gas pipeline companies.