Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $55.38
Colorado Western: $43.37
CO North Central: $48.25
WB Mixed Sweet: $48.51
ND Light Sweet: $47.09
Wyoming Sweet: $48.65
N Wyo. / S Mont.: $46.99

Spot prices updated May 4

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.72
Watford City, ND: $2.28
NGPL South TX: $2.62
Malin, OR: $2.58
PG & E City Gate, CA: $3.13
Northwest WY: $2.50
Opal, SW WY: $2.55
Ventura, IA: $2.63
Spot prices updated May 4

U.S. Rig Count

905 as of 5/1//2015
-27 from 4/24/2015
-949 from 5/1/2014
(Courtesy Baker Hughes)

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Dakota Prairie refinery

The $425 million Dakota Prairie refinery in Dickinson, ND has started processing diesel fuel, and will ramp up during May to reach its full capacity of 20,000 BOPD.

Owned by MDU Resources and Calumet Specialty Partners, the new refinery will produce 7,000 barrels a day of diesel fuel that will be sold to North Dakota customers...

Hess Corp. announced that it will keep eight drilling rigs working in the first quarter in North Dakota, after reporting oil production had increased by 6,000 barrels to 102,000 BOEPD.

At the same time, the company said it has completed two test wells with 50-stage fracs and is targeting ultimate crude oil production (EUR) in in its core areas between 550,000 to 650,000 barrels per well...

A last minute effort to eliminate North Dakota’s confusing trigger mechanism on oil taxes by reducing the state’s taxes to a flat 9.5% has the backing of the ND Petroleum Council...
Despite low natural gas prices, Oasis Petroleum of Houston plans on building a $200 million natural gas plant in its Wild Basin Field in McKenzie County, ND...
House For Sale
On the heels of recent crude oil unit train derailments, the nation’s leading refinery organization said the federal government must do more to address problems with tracks and rail personnel...
Wall Street reacted favorably to a fourth quarter earnings report from Continental Resources, which had a net income of $114 million on earnings of $1.19 billion...
WPX Energy of Tulsa said it will reduce its rig fleet in the Williston Basin from five to one by late spring, and from eight to three in Colorado’s Piceance Basin...
Nine new lateral wells completed by Bill Barrett Corp. of Denver in the northeast section of the Wattenberg Field in Colorado’s DJ Basin averaged a 30-day production of 617 BOEPD...
The contention that the state of North Dakota could lose $336 million over the next six years if state legislators approve a bill voiding flaring and oil conditioning regulations was challenged by Rep. Keith Kempenich (R-Bowman)...
Kinder Morgan, Inc. has agreed to pay $3 billion to buy Hiland Partners’ Williston Basin oil and gas pipeline network owned by Harold Hamm, who is also chairman of Continental Resources...
MDU Resources said the cost of the new Dakota Prairie Refinery at Dickinson, ND has now escalated to $400 million, and startup has been put off until the second quarter...
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...
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.
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Completing 125 oil wells in June will push state production back up to 1.2 million BOPD after four months of decline, primarily attributed to fewer rigs drilling and less completion work, North Dakota officials said...
Continental Resources paid $2,272,820— about $14,200 an acre—for a 160-acre lease in North Dakota, during a March 10 online auction from the ND Dept. of Minerals and Trust Lands...
Because of low market natural gas and NGL prices, ONEOK Partners has stopped work on processing plants in Wyoming and North Dakota...
Helmerich and Payne yard
Helmerich & Payne organizes drilling rigs coming into its Dickinson, ND yard. The ND Dept. of Mineral Resources reports 114 rigs drilling in North Dakota, compared to 191 at this time last year. (Photo by Marvin Cooper)
EOG Resources is scaling down its North Dakota drilling in 2015, and does not plan any “significant development” in Colorado’s DJ Basin or the Powder River Basin in Wyoming until crude oil prices improve...
The ND Dept. of Trust Lands is opposing proposed legislation that would require the agency to delineate all navigable waters and sovereign lands at a cost of $43.5 million...

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.

Hess Corporation will cut capital spending in North Dakota this year, reducing its budget from $2.2 billion to $1.8 billion, and also reduce its drilling rigs from 17 to 9.5 with the goal of bringing 210 wells on line...
Click on the video clip above to learn how operators are increasing production.
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