Correcting

Citing the company’s work on correcting anomalies on its new large-diameter Gulf Crossing Pipeline before it went into service in late June, Standard & Poor’s Ratings Services (S&P) revised its outlook on Boardwalk Pipeline Partners LP to “negative” from “stable” and affirmed its “BBB” corporate credit rating.

Interior Secretary Dirk Kempthorne said the department will take a “fresh look” at the flawed 1998 and 1999 deepwater Gulf of Mexico leases that are costing the federal government billions of dollars in lost royalties.

(substituting for & correcting previous story in Daily GPI, April 20)

Noting that the natural gas market within the United States appears to be correcting itself, the Electric Power Supply Association (EPSA) said late last month that it believes proscriptive federal policies on the fuel are not necessary.

Noting that the natural gas market within the United States appears to be correcting itself, the Electric Power Supply Association (EPSA) said late last month that it believes proscriptive federal policies on the fuel are not necessary.

After correcting the data for acquisitions and divestitures, U.S. natural gas production increased 1.6% sequentially, breaking a trend of lower production for the previous six consecutive quarters, according to Raymond James energy research. However, the bullish analysts were quick to point out several one-time events that contributed to the deceptively strong year-over-year production numbers.