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Oklahoma business briefs for March 29

Oklahoma business briefs for March 29
Published: March 29, 2013
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Compressco funds expansion

Compressco Partners LP has borrowed $4.25 million under its revolving credit facility to fund the ongoing expansion of its fleet of compressor units in the United States and Canada. The company cited increased demand for its oil and natural gas production enhancement services in a Thursday regulatory filing on the move.

OCCC plans oil-field safety class

Oklahoma City Community College will host programs on oil-field safety and the fundamentals of artificial lift systems next month. The latest SafeLand USA Awareness class is set for April 9 and April 17. The class, which covers safety issues specific to the oil and natural gas industry, costs $150 per participant. The artificial lift program offered by OCCC's Professional Development Institute will be April 16 and 18. The six-hour course, which costs $395, will focus on four lift systems. Participants will receive a certificate of completion. For more information or to enroll, contact John Clabon at 682-7855 or jclaybon@occc.edu.

CAVU to bring more wells online

CAVU Resources Inc. is close to bringing production on line in Garvin County's Chisholm Field after reworking five wells with new equipment. The wells are expected to be completed over the next six weeks, the company announced this week. “This will bring production from the project up to an estimated 39 barrels of oil per day,” President William Robinson said. “In the very near future we will complete the re-entry and preparation work on two more wells, as part of our ongoing plan to rebuild production and revenues from this field. We are estimating that the remaining wells to be reworked will bring in an additional 100 barrels day in production.”

Oversight sought after spills

— A series of spills from ruptured pipelines operated by Chevron Corp. has Utah's governor calling for more oversight. Gov. Gary Herbert left no doubt about his displeasure Thursday when asked about the latest spill at a monthly televised news conference. He said the federal agency responsible for interstate pipelines isn't doing its job and that Utah will step up its own efforts to ensure pipeline safety. The pipeline ruptured last week at Willard Bay State Park, spilling diesel fuel into marshes. It was Chevron's third pipeline leak in Utah in the last three years. Another pipeline leak sent crude oil rushing into a Salt Lake City creek in 2010. Months later, the same pipeline ruptured again. Each pipeline leak involved a spill of 21,000 or more gallons on crude oil or fuel.

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