Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $52.97
Colorado Western: $40.92
CO North Central: $45.69
WB Mixed Sweet: $43.42
ND Light Sweet: $42.00
Wyoming Sweet: $45.61
N Wyo. / S Mont.: $43.96

Spot prices updated Dec. 19

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.44
Watford City, ND: $3.00
NGPL South TX: $3.23
Malin, OR: $3.31
PG & E City Gate, CA: $3.74
Northwest WY: $3.21
Opal, SW WY: $3.25
Ventura, IA: $3.45
Spot prices updated Dec. 19
Abrasives Inc.

U.S. Rig Count

1875 as of 12/19/2014
-18 from 12/12/2014
+107 from 12/19/2013
(Courtesy Baker Hughes)
Wiley

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While North Dakota oil production in October dropped 4,054 BOPD from September to 1,182,174 BOPD, combining it with Montana and South Dakota production pushes total Williston Basin production over 1.2 million BOPD.

Lynn Helms, director of the ND Dept. of Mineral Resources, attributed the production decline to industry efforts to meet compliance with new flaring regulations...

The financial fallout from North Dakota’s newly adopted oil conditioning rules could have a huge impact on the oil and gas industry, according to a new analysis just released by Genscape...
Halcón Resources of Houston said it will build a compressed natural gas facility in North Dakota next year to replace diesel fuel in its drilling operations...
New technologies to enhance exploration and production of oil and gas have attracted $7 billion in funding since 2003...
House For Sale
EIA administrator Adam Sieminski predicts that continued growth in the world oil supply will push crude prices lower in the near term...
North Dakota officials are negotiating a settlement with a Bismarck company, which faces $800,000 in fines for illegally dumping...
Using six hydraulic fracturing crews, Hess Corporation hopes to bring 80 new wells on line by the end of the year...
Bill Gilliam Two locations outside of the western North Dakota oilfields are under consideration for a proposed $4 billion polyethylene manufacturing plant...
TransCanada Corp. sold off its remaining 30% interest in Bison Pipeline...
Dakota LNG Plant
The $30 million North Dakota LNG LLC plant, located next to the Hess Corp. gas processing plant in Tioga, has just come on line and is producing 10,000 gallons per day. Construction of the new plant started early last May, and the Wayzata, MN-based company hopes to increase capacity by another 66,000 gallons per day by next spring.
Click on the video clip above to learn how operators are increasing production.
News You Will Read Here First
Many copy our stories, but you will read them first in Oil Patch Hotline. We cover news to keep you informed on what is going on in the Williston Basin and the upper Rocky Mountain region. We supply rig locations and the latest drilling permits issued by state commissions in North Dakota, South Dakota, Montana, Wyoming, and Colorado.
Subscribe to Oil Patch Hotline by clicking here.
Confronted with low oil prices, Oasis Petroleum slashed in its 2015 capital spending in the Williston Basin, dropping it to a range of $750 million to $850 million...
Anderco Enterprises
PDC Energy, one of the largest producers in Colorado’s Wattenberg Field, announced a 14% cut in its 2015 capital budget totaling $557 million...
HERCO LLC of Billings was high bidder—at $330 an acre—at the Montana Dec. 2 state oil and gas lease sale, which pulled in total bonuses of $222,158...
NGL Energy Partners LP of Tulsa bought two North Dakota salt water disposal systems...
After reporting a third quarter 10% revenue gain, Nuverra Environmental Solutions anticipates increased business next year...
Dawson Geophysical of Bismarck, ND faces $21,000 in fines from the North Dakota Industrial Commission...

The ND Dept. of Mineral Resources is negotiating a settlement with Zavanna LLC of Denver, after the agency filed a complaint seeking $150,000 in fines stemming from fluid spills at two McKenzie County wells.

The DMR said fluids spilled on and near the Pvt. Frazier 1-34H well in Sec. 34, T152N-R104W and the York 12H well in Sec. 3, T151N-R104W in March.

The company denied the allegations.

Dave Lesar Despite declining oil prices, the top executive for Halliburton said there is no indication from producers that they plan to back off their current or future drilling programs...
Continued lower oil prices will force North Dakota operators to take a hard look at cutting costs—and if prices drop to $70 for Bakken crude, “fringe” counties including Bowman, Slope, McLean, and part of Divide may see less drilling, the state’s top regulator said...
Would you jump in freezing cold water? One of our advertisers thinks it is a good idea. Click on video clip above to learn more.
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