February 9, 2017 archive

Petro River Uses 3-D Seismic Technology to Plan 2017 Drilling Projects

New York-based Petro River Oil Corp. announced Wednesday that the company’s recently acquired and reprocessed 3-D seismic data has shown positive results in three project areas located in Oklahoma and California. Petro River intends to move forward with drilling four wells on these three core assets during the second quarter of 2017, according to a …

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Crude Oil Futures Advance on Wednesday Despite Larger Than Expected Supply Buildup

Crude oil prices forged ahead on Wednesday despite data showing the second-largest weekly climb on record for domestic crude supplies, according to Bloomberg MarketWatch. March West Texas Intermediate crude rose 17 cents, or 0.3%, to settle at $52.34 a barrel on the New York Mercantile Exchange. April Brent crude, the global benchmark, inched up by 7 …

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