Proposals

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.

Proposals to tax production of the Marcellus Shale continue to pile up in Pennsylvania.

As the Commodity Futures Trading Commission (CFTC) met last Thursday to consider proposals to implement the Dodd-Frank Wall Street Reform Act, commissioners expressed alarm that the deep budget cuts passed by the House for fiscal year 2011 will not only threaten the agency’s ability to meet its new mandate under Dodd-Frank to regulate the derivatives market but also its traditional duties — overseeing the futures market.

As the Commodity Futures Trading Commission (CFTC) met Thursday to consider proposals to implement the Dodd-Frank Wall Street Reform Act, commissioners expressed fear that the deep budget cuts proposed by the House for fiscal year 2011 will not only threaten the agency’s ability to meet Dodd-Frank’s mandate to regulate the derivatives market but also its oversight of the futures market.

One of two problematic liquefied natural gas (LNG) terminal proposals in Oregon took a step backward when a newly constituted local county elected board voted 4-1 to rescind approval for a pipeline that would connect Oregon LNG’s proposed terminal along the Columbia River at Warrenton, OR, with the metropolitan Portland area.

Trans Energy Inc. has begun drilling its sixth horizontal well in Marshall County, WV, looking to further tap into the area’s Marcellus Shale gas, the independent exploration and production company said Monday.

Shares of Fort Worth, TX-based Quicksilver Resources Inc. soared Monday on news that an investor group is seeking to take the natural gas and oil exploration and production company private.

Two storage developers have received the go-ahead from FERC on proposals to expand natural gas storage facilities in Alabama and Kansas.

With the economic viability of added underground natural gas storage in California already verified by utility and merchant developers currently pursuing proposals, state regulators later in October will hold a one-day hearing on a unique, urban-based storage project in the heart of the state capital, Sacramento. The California Public Utilities Commission (CPUC) will use the public input as part of its ongoing review and environmental assessment.