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Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.

Light, sweet crude oil for February delivery fell slightly on the New York market after swinging between a high of $64.35/bbl and a low of $63.47/bbl during the Jan. 18 trading session. Brent edged down a few cents, settling above $69/bbl.

Newly formed private Perth company Tanami Energy Pty. Ltd. has
emerged as the buyer of fellow Perth company Tap Oil Ltd.s 20% interest
in the undeveloped Amulet oil discovery in Carnarvon basin licence
WA-8-L offshore Western Australia.

While global crude oil markets underlying influences may have shifted greatly in the last 10 years, pricing fundamentals have not changed in the last 6 months, speakers agreed during a Mar. 30 discussion at the Center for Strategic & International Studies.

Oil and gas companies operating in the Malaysian state of Sarawak must apply for licenses from the state by the end of next year, according to a July 1 statement from Chief Minister Datuk Patinggi Abang Johari Tun Openg. Until then, companies may conduct business as usual, meaning under agreements with the countrys state-owned Petronas, the statement said.

President Donald J. Trump overstepped his authority when he canceled his immediate predecessors withdrawals of three federal offshore areas from oil and gas leasing consideration toward the end of his second term, a federal court judge in Alaska ruled on Mar. 29.

Light, sweet crude oil prices fell slightly on the New York market Apr. 4 to settle above $62/bbl but rose in early trading Apr. 5 after the US Department of Labor reported the US economy added 196,000 jobs in March.

SEA Hibiscus, an indirect wholly owned subsidiary of Hibiscus Petroleum, has completed its acquisition of a 50% participating interest in the 2011 North Sabah enhanced oil recovery production-sharing contract and the joint operating agreement in relation to the PSC.

The US Bureau of Land Management approved its first master leasing plan for Utah, encompassing 785,000 acres of public land managed by its Moab and Monticello field offices. It will guide responsible oil, gas, and mineral development in southeastern Utah while protecting important natural resources, iconic scenery, and recreational opportunities, the US Department of the Interior agency said.

The government of Alberta is increasing its financial incentives for investment in petrochemical development based on oil and gas produced in the province. It is expanding its March commitment of as much as $1 billion (Can.) in royalty credits and loan guarantees to attract petrochemical investment and expand infrastructure for petrochemical feedstocks.