March 17, 2018 4:48 PM ET

Oil, Gas and Consumable Fuels

Company Overview of National Energy & Trade, LP

Company Overview

National Energy & Trade, LP markets natural gas throughout the United States. The company is based in Houston, Texas. National Energy & Trade, LP operates as a subsidiary of NET Midstream, LLC.

5847 San Felipe Street

Houston, TX 77057

United States





Key Executives for National Energy & Trade, LP

National Energy & Trade, LP does not have any Key Executives recorded.

National Energy & Trade, LP Key Developments

National Energy & Trade LP Settles FERC Investigation into Gas Trades for $1.5 Million

National Energy & Trade LP, the target of a FERC investigation, agreed to pay a civil penalty of almost $1.2 million and disgorge of about $306,000 but will not admit that its trades between 2011 and 2015 violated commission rules against manipulating physical natural gas prices. FERC approved a similar deal with David Silva, a former employee of NET Midstream LLC and affiliated companies, including National Energy. The FERC Office of Enforcement charged him with manipulating gas prices in January 2012. Under the agreement, Silva will not participate in FERC-regulated gas markets for one year and will pay a civil penalty of $40,000. Like National Energy, he neither admitted nor denied that his trading violated commission regulations or policies. On Sept. 1, FERC issued orders approving stipulation and consent agreements between the parties and the Office of Enforcement. The agreements resolved allegations stemming from the enforcement staff's investigations into the two parties.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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