Appalachian Midstream Partners (AMP) will use a $176 million equity commitment from Avista Capital Partners to develop and expand its Bear Print system to serve Marcellus Shale gas production in north central Pennsylvania, the Columbus, OH-based company said.
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Price Rout Has Suppliers Hollering ‘Mayday!’
May 1 is known as May Day, celebrated as a springtime festivalin some countries, according to Webster’s. But Friday must haveseemed like “Mayday” (international distress call) to many tradersas they watched cash prices crumble to levels that were virtuallyunimaginable last month. A few Gulf Coast points were sinking below$2 in widely ranging quotes.
May 4, 1998
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