Poor

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

Citing a bigger stake taken by a private investment firm, Standard & Poor’s Ratings Services (S&P) Tuesday lowered by two notches the credit rating of a midstream natural gas pipeline subsidiary of Oklahoma-based OGE Energy Corp. The rating for Enogex LLC was further separated from the diversified utility holding company, OGE.

Standard & Poor’s (S&P) Ratings Services said last Tuesday it was downgrading the credit rating of Northern Border Pipeline Co. (NBPL) from “A-” to “BBB+,” citing an oversupply of natural gas in the Midwest and concerns over expiring transportation contracts.

Standard & Poor’s (S&P) Ratings Services said Tuesday it was downgrading the credit rating of Northern Border Pipeline Co. (NBPL) from “A-” to “BBB+,” citing an oversupply of natural gas in the Midwest and concerns over expiring transportation contracts.

It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.

It wasn’t the overload of Marcellus Shale supplies, but poor planning by Columbia Gas Transmission LLC that “may have created or contributed” to the storage constraints on its system in northern Ohio, Indicated Shippers said in a protest to the pipeline request for a tariff increase.

BP plc’s operating performance remains “satisfactory overall,” which merits a revised outlook to “stable” from “negative,” Standard & Poor’s Ratings Services (S&P) said Wednesday.

Kinder Morgan Energy Partners LP (KMP) is buying Petrohawk Energy Corp.’s half of the companies’ Haynesville Shale midstream joint venture, KinderHawk Field Services, and also acquiring a 25% interest in Petrohawk’s gas gathering and treating business in the Eagle Ford Shale, the companies said.

Three Ohio legislators have asked the state’s attorney general to determine the source of a five-page document that, if authentic, could prove individuals connected to the energy industry are using deceptive practices to persuade property owners to sign oil and gas leases.