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Enterprise Products Partners LP (EPD) earned record profits in the first quarter as rig counts grew in liquids-rich shales and low natural gas prices spurred petrochemical demand. The company continues to see opportunities “to serve our customers, both producers and consumers,” COO Jim Teague said during a conference call Tuesday.

Active rigs in U.S. shale and tight sands basins gained 1% in the week ending April 1 to hit 981 rigs, up from 972 the previous week, according to NGI’s Shale Daily Unconventional Rig Count.

Spring temperatures are expected to be either at or below normal across the northern and western United States, but warmer than normal in parts of the South Central and southeastern states, according to Andover, MA-based WSI Corp.

Spring temperatures are expected to be either at or below normal across the northern and western United States, but warmer than normal in parts of the South Central and Southeastern states, according to Andover, MA-based WSI Corp.

Most operations at the Mont Belvieu, TX, natural gas liquids (NGL) processing plant owned and operated by Enterprise Products Partners LP (EPD) are either back to normal or soon will be, and plans for a new fractionator there remain on schedule, said EPD CEO Michael Creel.

ONEOK Partners LP said it will spend $180 million to $240 million by the first half of 2012 for natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays.

Although much of the market continued to stagnate with quotes that were either flat or close to it both higher and lower, it was up, up and away again Wednesday for delivered numbers in the Northeast/Mid-Atlantic and Florida.

The former chief of the New York Department of Conservation (DEC), whose ouster in October was criticized by producers and environmental groups alike, told state lawmakers last week that massive cutbacks in commission staff have become a “shell game” that didn’t take into account the consequences for stakeholders.

Houston-based Plains Exploration & Production Co. (PXP) said Thursday it hopes to raise $1-2 billion by selling its Gulf of Mexico (GOM) portfolio either through third-party joint ventures or through asset sales “to align capital spending with operating cash flow.”