Natural Gas & Petroleum

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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Thebrattlegroup tobybrown img 4852
Principal
+61.2.8123.0999
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Carpenter 063
Principal
+1.617.864.7900
Dr. Carpenter specializes in the fields of energy economics, regulation, corporate planning, pricing policy, and antitrust. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Chodorow 075
Principal
Darrell Chodorow has more than 15 years of consulting experience in commercial damages, valuation, and tax matters. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Harris 129
Principal
(Rome) +39.06.48.888.146
(London) +44.20.3829.2340
Mr. Harris has more than fifteen years of experience as expert in valuation, quantification of damages, and the economics of gas and electricity markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Marin 083
Principal
+44.20.7406.7900
+34.618.804.265
Dr. Marin is an economic expert on regulation and competition in various sectors, particularly energy, telecommunications, and transportation, as well as on econometrics, microeconomic and valuation techniques. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
O'loughlin photo bio
Principal
+1.617.864.7900
Mr. O'Loughlin is an expert in the application of economics and finance to complex commercial damages disputes, asset valuations, and regulatory matters that arise in energy markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Davesunding img 4729
Principal
+1.415.217.1000
Professor Sunding advises on matters relating to environmental and natural resource economics, utility regulation and ratemaking, damages, and valuation. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Academic Advisor
Dr. Weiner is Professor of International Business, Public Policy and Public Administration, and International Affairs at George Washington University. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Senior Associates
Barza
Senior Associate
+44.20.7406.7900
Dr. Rachael Barza has worked on cases concerning valuation and damages, state aid, abuse of dominance, cartels, and acquisitions, before the European Competition Commission and various European high courts. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Bonetti19
Senior Associate
Valentina Bonetti has experience in litigation and regulation projects, particularly in the natural gas and LNG industry. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
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 f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Lessem 054
Senior Associate
+61.2.8123.0999
Dr. Lessem assists utilities, policymakers and technology firms across North America, Asia, the Middle East and Australia on rate design, energy policy, innovative pricing, experimental design, technology adoption and policy impact measurement. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Stirzaker
Senior Associate
+44.20.7406.7900
Mr. Stirzaker is an economics and financial expert, with experience valuing businesses and financial instruments across a range of industries. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Thapa 112
Senior Associate
+1.617.864.7900
Mr. Thapa is an expert in the regulation and economics of the energy sector. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Presentation
December 12, 2016
Presented at Law Seminars International’s (LSI) 12th Annual Comprehensive Conference on Alaska Energy Markets and Regulation
Report
Benefits and Costs of Integration in Transmission/Transportation Networks: An Application to Eastern Australia Gas Markets
August 1, 2016
Prepared for APA Group

The report authored by Brattle economists on behalf of APA Group reviews integration in APA’s pipeline operations in Eastern Australia since the acquisition of Epic Energy in December 2012, and identifies the economic costs and benefits associated with integration.

Presentation
Valuation Controversies in Oil and Gas Bankruptcies
June 2, 2016
Published by The Brattle Group, Inc.
Presentation
May 17, 2016
Ira H. Shavel, Yingxia Yang, Roger Lueken, Andrew O’Brien, and Colin McIntyre
Prepared for The Texas Clean Energy Coalition
Article
April 2016
Published in Law360
Report
January 15, 2016
Published by The Brattle Group, Inc.
Presentation
The Global Context for Alaskan LNG
December 7, 2015
Presented to LSI Energy in Alaska Conference
Report
Is inexpensive natural gas hindering the grid energy storage industry?
October 5, 2015
Roger Lueken and Eric Hittinger
Published in Energy Policy
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
Exploring Natural Gas and Renewables in ERCOT, Part III: The Role of Demand Response, Energy Efficiency, and Combined Heat & Power
May 29, 2014
Prepared for the Texas Clean Energy Coalition (TCEC)
Article
Pipeline Regulatory Issues Arising From Oil and Natural Gas Production Growth in North America
February 2014
Published in Energy Law Advisor
Report
Wholesale Gas Price for AGL’s VPA Proposal for 2014–16 (public version)
February 2014
Prepared for AGL Energy
Report
Exploring Natural Gas and Renewables in ERCOT Part II: Future Generation Scenarios for Texas
December 10, 2013
Prepared for The Texas Clean Energy Coalition
Presentation
Paying for Pipelines
September 9, 2013
Presented at Law Seminars International’s (LSI) Energy in the Northeast Conference
Report
International Experience In Pipeline Capacity Trading
August 5, 2013
Dan Harris, Toby Brown, and Alessandro Massolo
Prepared for the Australian Energy Market Operator
Report
Gas market integration via implicit allocation: Feasibility from the North-West European gas market perspective
April 23, 2012
Prepared for NMa
Article
Dodd Frank Compliance for Oil and Gas Companies
February 6, 2012
Julia E. Sullivan, Cary Oswald, and Romkaew P. Broehm
Published in Oil & Gas Monitor
Article
Who Pays, Who Benefits, and Adequate Investment in Natural Gas Infrastructure
2007
Published in Energy Law Journal