Register Today for Courses in Cost of Service and Rate Design for Natural Gas Interstate Pipeline Companies (January 26th-27th)
Brown, Williams, Moorhead & Quinn, Inc.

The determination of the useful life of industrial property is often dependent upon an underlying non-renewable resource base, the exhaustion of which sets the outer limits of the assets’ depreciable lives. In the case of oil and natural gas properties, the useful life of some assets is limited to the reserve life of the oil or natural gas anticipated to flow through the assets, including "proved reserves" known to be accessible at any given time, plus the "future reserves" that can be reasonably expected to become proved reserves at some point. Of equal importance is the competition facing energy transmission providers in the form of shifting resource areas, pricing push backs, alternative energies, competing pipelines, new pipelines, railroads, and international developments. Williams’ staff of depreciation experts monitors oil and natural gas resource developments to ensure its resource availability forecasts accurately reflect the life expectancy probabilities of the pipeline under assessment.