MARKET WATCH: NYMEX oil prices dip to lowest level since 2016

US light, sweet crude oil prices lost about $1.70/bbl on the New York market, dipping to the lowest levels since November 2016 following release of a monthly Oil Market Report from the International Energy Agency indicating ample world oil supplies linger despite production cuts by some. Source: News


Wildcats planned for southwest Iowa

Austin-based Chocolate Flats Petroleum Inc. will spud the first of two Forest City and Midcontinental Rift basin wildcats in August. The company has identified Pennsylvanian targets in the Iowa Shenendoah subbasin including Morrowan, Atokan, Desmoinesian, Missourian, and Virgilian. Source: News