GOVERNMENT DEPARTMENT OF ENERGY reached a proposed $3.35 million settlement with Kern Oil & Refining Co. and Larry Delpit, a former Kern owner, to resolve claims that Kern sold price controlled crude to resellers and bought price exempt crude at below market discounts during October 1979-January 1991. Kern and Delpit did not admit any wrongdoing. DRILLING-PRODUCTION CONOCO INC. plans four wells to develop the upper Cretaceous Schrader Bluff oil pool in Milne Point Unit on Alaska's North Slope. Tests in 1989 showed the shallow sands prospect is commercial. Conoco expects the development to help Milne Point oil flow increase to 33,000 b/d. ...

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