MARKET WATCH: NYMEX, Brent crude oil for February settle below $34/bbl

Light, sweet crude prices for February delivery settled Jan. 7 below $34/bbl on the New York market, which was the lowest settlement for the front-month contract since February 2004. Brent crude oil for February also settled below $34/bbl on the London market Jan. 7. Source: News


Agency submits first well stimulation report to California lawmakers

There were no well failures associated with oil and gas well stimulation and treatment (WST), no emergency responses or spills, and no requests for confidential well status or trade secret protection from Jan. 1, 2014, through June 30, 2015, California’s Oil, Gas & Geothermal Division said in its first comprehensive WST report to the state […]