The Commodity Futures Trading Commission (CFTC) last Thursday issued a final rule that relaxes the prescriptive core principles related to trading swaps on designated contract markets (DCM), and proposed delaying until the end of the year the effectiveness of some provisions of Title VII of the Dodd-Frank Wall Street Reform Act.
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DOI Secretary Babbit Relaxes Stripper Well Rules
The Independent Petroleum Association of America (IPAA) praisedthe action of Interior Secretary Bruce Babbit in allowing marginaloil well operators producing on public lands to suspend operationsfor up to two years without losing their leases. The announcementcame Thursday on the heels of the release of an IPAA survey showinghistorically low oil prices have increased the number of shut-insand the industry unemployment rate.
February 8, 1999
DOI Relaxes Stripper Well Rules
The Independent Petroleum Association of America (IPAA) praisedthe action of Interior Secretary Bruce Babbit in allowing marginaloil well operators producing on public lands to suspend operationsfor up to two years without losing their leases. The announcementcame Thursday on the heels of the release of an IPAA survey showinghistorically low oil prices have increased the number of shut-insand the industry unemployment rate.
February 8, 1999
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