The US Department of Energy is investing $36 million in a North Dakota program aimed at evaluating enhanced oil recovery strategies to potentially unlock billions of barrels of oil.
Back-and-forth statements by the US and Iran regarding a peace settlement continue to jostled crude oil prices this week. Another decrease in inventory and concerns over refined product stocks buoyed markets on the downside.
Drilling activity across North America saw a modest increase this week, with total rigs reaching 672, driven by slight gains in both the US and Canada.
The company said its selling the non-core rights to streamline its portfolio and is We’re particularly encouraged by opportunities emerging in the Cherokee shale and Red Fork formations.
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