Oil prices traded at their lowest levels since January, primarily--at least for that day’s price decline--on heftier U.S. crude oil stockpiles, and as news that select European countries were sliding back into recession.

The past few months have brought considerable headwinds, including an SEC investigation and shareholder lawsuit, Chesapeake Energy remains confident that its future is bright.

U.S. natural gas prices could be as low as $1 this coming fall, says John Walker, president and chief executive of EnerVest Ltd. and executive chairman of EV Energy Partners LP (EVEP), both gas producers.

Enterprise Products Partners L.P. (NYSE: EPD) and Enbridge Inc. (NYSE/TSX: ENB) announced that modifications to the Seaway crude oil pipeline allowing it to transport crude oil from Cushing, Oklahoma to the U.S. Gulf Coast have been completed.

Ethane prices picked up this week as light NGLs showed greater strength, if not higher values, than their heavy counterparts for the second straight week at both Mont Belvieu and Conway.

During a conference call to discuss Q1 2012 earnings, Mark Borer, president and chief executive of DCP Midstream Partners, noted that the company remains committed to utilizing the advantages found in the MLP structure for growth.