Further

Further proving that the array of proposed solutions for handling natural gas liquids (NGL) production from the Marcellus Shale is still fluid, recently there was word of another idea, which may or may not become a project.

Recent cash price firmness eroded a bit further Thursday as the number of softer points began to approach equilibrium with those continuing to make slightly firmer performances. However, small gains remained dominant.

Intermountain Gas Company has asked the Idaho Public Utilities Commission (PUC) to authorize further reductions of its retail natural gas utility rates based on lower wholesale gas costs. Intermountain asked to lower its annual revenue requirement by $2.2 million, effective Oct. 1.

FERC last Tuesday approved Questar Overthrust Pipeline Co.’s application to further expand its system to meet increased market demand and provide greater access to Rocky Mountain natural gas.

FERC Tuesday approved Questar Overthrust Pipeline Co.’s application to further expand its system to meet increased market demand and provide greater access to Rocky Mountain natural gas.

Prices dropped across the board Friday as forecasted weekend temperatures were not enough to sustain further firmness in the cash market. Instead, Thursday’s prompt-month futures dip of 13.9 cents, along with the usual weekend decline of industrial load, proved to be stronger influences on physical quotes.

Pacific Gas and Electric continued a Stage 2 high-inventory OFO on its California Gas Transmission system through at least Friday but further loosened the tolerance for daily positive imbalances from 6% to 13%.

Florida Gas Transmission extended an Overage Alert Day through at least Thursday and further tightened the tolerance for negative daily imbalances from 15% to 10%.

BP plc’s market value was slashed further Friday as shares plunged to new lows since its well blowout April 20 in the Gulf of Mexico (GOM). The company’s market cap has been beaten down about $100 billion since the disaster. Liquidity concerns and the threat that a major storm could enter the GOM and disrupt oil collection are making investors nervous.