Natural Gas and Petroleum
Overview
Experts
Publications

The Brattle Group provides regulatory and litigation support to all sectors of the natural gas and petroleum industries, from wellhead to end-user, for market participants worldwide.

We provide economic expert testimony in regulatory and legal disputes over pricing, royalty disputes, prudence and cost recovery, terms of access, and contract performance. We analyze the competitiveness of exploration and production, midstream refining and processing markets, transportation and storage, wholesale and end-use markets in the context of restructuring proceedings, antitrust disputes, mergers and acquisitions, and government inquiries. We assess and testify about damages from breached or prematurely terminated contracts. We consult in matters involving oil and gas futures and derivatives, trading, and related accounting and valuation practices. We provide strategic advice to clients on service design and pricing, asset valuation, and risk management as it relates to gas procurement.

Our clients have included natural gas and petroleum producers, pipeline and midstream companies, refiners, shippers, utilities, regulators, law firms, and governments in North and South America, Europe, Australia, and Asia. We have provided expert testimony on natural gas and petroleum matters before the U.S. Federal Energy Regulatory Commission (FERC), the National Energy Board of Canada, the Alberta Energy Resources Conservation Board, and U.S. state utility commissions and federal and district courts. We frequently appear before antitrust authorities, arbitration proceedings, and government agencies around the world.

Areas of Expertise
Principals
Arthur 056
Principal
+1.617.864.7900
Dr. Arthur has more than 15 years of consulting and litigation experience in the natural gas, natural gas liquids, and petroleum industries. More icon
Thebrattlegroup tobybrown img 4852
Principal
+1.415.217.1000
Dr. Toby Brown specializes in the regulation and economics of the gas and electricity sectors. He has consulted for pipelines, utilities, and regulators and he has particular expertise in incentive-based regulation in the energy sector. More icon
Caldwell 3
Principal
+44.20.7406.7900
Richard Caldwell has extensive experience in economic and financial analysis and valuation across a broad range of industries, from electric power and natural gas to banking and credit cards. More icon
Carpenter 063
Principal & Chairman
+1.617.864.7900
Dr. Carpenter specializes in the fields of energy economics, regulation, corporate planning, pricing policy, and antitrust. More icon
Fox penner 131
Principal
Dr. Fox-Penner specializes in economic, regulatory, and strategic issues in network industries. His practice centers on energy and environmental policies and electric regulation, planning, and competition issues. More icon
Webrichgoldberg img 4749
Principal
+1.415.217.1000
Dr. Goldberg specializes in complex litigation in which careful analysis and modeling of economic, business, or financial data is critical. More icon
Graves 060
Principal
+1.617.864.7900
Mr. Graves specializes in regulatory and financial economics, especially for electric and gas utilities, and in litigation matters related to securities litigation and risk management. More icon
Harris 129
Principal
+39.06.48.888.146
Mr. Harris is an expert in the economics of gas and electricity markets. His clients include energy regulators, competition authorities, gas and electricity network companies, gas buyers and sellers, and electricity generators. More icon
Hesmondhalgh 086
Principal
Dr. Hesmondhalgh has worked as a consultant in the energy sector for more than 20 years, predominantly in the electricity and gas sectors. More icon
Lapuerta 103pp
Principal
+44.20.7406.7900
Mr. Lapuerta is an expert in economic analysis and financial valuation, which he frequently applies to estimate damages in international arbitration proceedings. More icon
Levine 056a
Principal
+1.617.234.5729
Mr. Levine specializes in energy and regulatory economics and is an expert in the economics of the natural gas, oil, and liquefied natural gas markets. More icon
Lo passo
Principal
Dr. Lo Passo specializes in the application of regulatory economic principles to energy, transportation, telecommunications, and other industries in Italy and throughout the world. More icon
Maniatis 073
President & Principal
+1.202.419.3326
Mr. Maniatis is the President and Chief Executive Officer of The Brattle Group and leads the firm's International Arbitration practice. More icon
Marin 083
Principal
+44.20.7406.7900
Dr. Marín is an expert in competition and regulation in various sectors, including energy, telecommunications, transportation, and R&D-intensive industries. More icon
O'loughlin 109 1
Principal
+1.617.864.7900
Mr. O'Loughlin specializes in regulatory economics and valuation as applied to the natural gas, oil pipeline, and electric power industries. More icon
Read 050
Principal
+1.617.864.7900
Mr. Read is an expert in valuation, risk management, and capital budgeting in the energy industry, especially electric power and natural gas. More icon
Shavel 087
Principal
+1.202.955.5050
Dr. Shavel is an energy economist specializing in the economics and operations of the U.S. electric power system, generation and transmission investment, and environmental strategy. More icon
Taylor 066
Principal
+1.617.864.7900
Mr. Taylor's areas of expertise include contract and market risks and incentives, antitrust and regulatory economics, and transition markets. More icon
Principal Emeritus
Tye web
Principal Emeritus
Dr. Tye is an expert in economic analysis and public policy and specializes in regulatory and antitrust issues. More icon
Academic Advisors
Academic Advisor
Richard Mancke is the Professor of Leadership and Public Policy at the Leipzig Graduate School of Management in Germany. More icon
Academic Advisor
Dr. Metcalf is a Professor of Economics at Tufts University and a Research Associate at both the National Bureau of Economic Research and MIT's Joint Program on the Science and Policy of Global Change. More icon
Academic Advisor
Dr. Sue Wing is an Associate Professor in the Department of Geography and Environment at Boston University. More icon
Academic Advisor
Dr. Weiner is Professor of International Business, Public Policy and Public Administration, and International Affairs at George Washington University. More icon
Senior Consultants
Gaynor 044
Senior Consultant
+1.202.955.5050
Dr. Gaynor has extensive experience in antitrust and competition matters, including the analysis of the competitive effects of mergers and acquisitions and various horizontal and vertical restraints. More icon
Senior Associates
Fantini
Senior Associate
+39.06.48.888.10
Ms. Fantini has more than 10 years of experience in the energy sector, particularly in the natural gas and electricity industries. More icon
Report
Understanding Crude Oil and Product Markets
September 2014
Published by the American Petroleum Institute
Report
Understanding Natural Gas Markets
September 2014
Published by the American Petroleum Institute
Report
Wholesale Gas Price for AGL’s VPA Proposal for 2014–16 (public version)
February 2014
Prepared for AGL Energy
Article
Pipeline Regulatory Issues Arising From Oil and Natural Gas Production Growth in North America
February 2014
Published in Energy Law Advisor
Report
International Experience In Pipeline Capacity Trading
August 5, 2013
Dan Harris, Toby Brown, and Alessandro Massolo
Prepared for the Australian Energy Market Operator
Presentation
The Uncertain Future of Global LNG Trade
July 18, 2013
Presented at the LSI Natural Gas for Transportation and LNG Markets Conference, Washington, DC
Presentation
The Uncertain Future For ANS LNG Exports
December 3, 2012
Presented at LSI's Energy in Alaska Conference, Anchorage, AK
Article
The BP Royalty Trust: Warning of Impending Price Declines or a Failing Economic Indicator
September 2012
Darrell B. Chodorow and Philip Verleger
Published in Notes at the Margin
Report
Impact Assessment for the Framework Guidelines on Harmonised Transmission Tariff Structures
August 6, 2012
Prepared for the Agency for the Cooperation of Energy Regulators (ACER)
Article
Un líbor en el Mercado de Gas en Europa?
July 20, 2012
Published in Cinco Días
Report
Gas market integration via implicit allocation: Feasibility from the North-West European gas market perspective
April 23, 2012
Prepared for NMa
Article
Shale Gas and Pipeline Risk
April 2012
Published in Public Utilities Fortnightly
Presentation
Potential Coal Plant Retirements in U.S. and Impact on Gas Demand
February 27, 2012
Presented at CERI Conference, Calgary
Article
Easing the Transition from Oil-Indexation
August 3, 2011
Published in Petroleum Economist
Report
Natural Gas Demand and Environmental Policies
April 13, 2011
Prepared for the Northeast Gas Association Regional Market Trends Forum
Article
Gas Demand Response
2011
Published in Public Utilities Fornightly's Spark
Report
Managing Natural Gas Price Volatility: Principles and Practices Across the Industry
November 2010
Prepared for the American Clean Skies Foundation
Report
Economic Impact of the Dutch Gas Hub Strategy on the Netherlands
September 2010
Prepared for the Ministry of Economic Affairs, Agriculture, and Innovation
Report
Prospects for Natural Gas Under Climate Policy Legislation: Will There Be a Boom in Gas Demand?
March 2010
Published by The Brattle Group, Inc.
Presentation
Oil Indexation & Gas Prices: Is Current Pricing For Gas Sustainable?
March 2010
Presented at the Flame 2010 Conference, Amsterdam, the Netherlands
Newsletter
Price Re-Openers in Natural Gas Supply Contracts: Avoiding Costly Mistakes in Arbitration
2010
Published by The Brattle Group, Inc.
Article
Section 6: Natural Gas Capacity Release and Electricity Transmission Reassignment
August 2009
In 2008 State of the Markets Report, Published by the Division of Energy Market Oversight, Office of Enforcement, Federal Energy Regulatory Commission