Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $43.43
CO North Central: $40.62
Colorado Western: $37.77
ND Light Sweet: $37.57
WB Mixed Sweet: $37.96
N Wyo. / S Mont.: $38.03
Wyoming Sweet: $39.67

Spot prices updated Aug. 29

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.85
Watford City, ND: $2.41
CIG Rocky Mtn: $2.55
Opal, SW Wyoming: $2.78
Columbia Gas: $2.77

Spot prices updated Aug. 29

U.S. Rig Count

489 as of 8/26/2016
-2 from 8/19/2016
-388 from 8/28/2015
(Courtesy Baker Hughes)
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Settlements totaling $123,003 were confirmed in August, with formal orders from the ND Dept. of Mineral Resources resulting in $550,000 in fines against six operators for varied oilfield violations—many of them being accidental oil and salt water spills.

The largest fine was $212,500 against Earthstone Energy for failing to plug an abandoned oil well in Stark County. The company paid a $21,750 settlement on the well, Obach 8-30, in Sec. 30, T140N-R98W...

Continental Resources sold off leases on 80,000 net acres along with 2,800 BOEPD of production in the Williston Basin to an undisclosed buyer for $222 million.

The sale includes 68,000 acres in Williams County and 12,000 acres in Montana’s Roosevelt County...

Higher natural gas volumes and increased fees from Williston Basin producers contributed to ONEOK Partners’ second quarter net income of $261.5 million on $455.8 million in revenues...
XTO Cookfest
Employees from XTO Energy participated in a free barbecue at the ND Petroleum Council Cookfest in Mandaree, which drew several hundred people at the July 19 event as part of a goodwill effort to mix the oil and gas industry with local communities, in addition to providing free educational seminars.
House For Sale
Oasis Petroleum cited cost improvements, progress on its 80 Mmcf a day gas processing plant in McKenzie County, and testing of new fracing techniques as it produced 50,315 BOEPD (85% oil) in the first quarter from its Williston Basin wells...
Hess Corp. estimates it has at least 200 potential “core wells” in its Bakken production that could each produce 1 million barrels of crude oil over the life of the well with a 30-day initial production of 1,000 BOPD...
With forecasts predicting that crude oil prices could reach as high as $70 a barrel later this year in the face of severe production declines in North Dakota and Texas, one analyst is predicting that it could be as long as 2017 before hydraulic fracturing service companies could get enough employees back on board...
As it works to cut costs, MDU Resources said it could lose up to $25 million this year from the operation of the Dakota Prairie Refinery in Dickinson, which came on line last May...
The Wyoming Oil and Gas Conservation Commission implemented new changes in drilling permit applications and fees, including requirements for $100,000 blanket bonds and individual wells bonds at the rate of $10 a foot...
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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Marathon Petroleum Corp. will invest $500 million and also participate as a shipper in the $3.78 billion Dakota Access Pipeline running from North Dakota to Patoka, IL...
Bakken Rocks Cookfest
Several hundred people turned out for the ND Petroleum Council Cookfest in Stanley in late July. A dozen companies served free barbecue meals to visitors, who were also treated to public education seminars and live music. Presented with the top Judges’ Choice Award was Kaiser-Francis, Balon Valves & Welltec team, which made brisket and étouffée. ND Public Service Commissioner Randy Christmann, third from the right, presented the award.
Donald Trump

Republican presidential nominee Donald Trump gave the following speech to an audience in Bismarck, ND on May 26:

I’m delighted to be in North Dakota, a state at the forefront of a new energy revolution. Oil and natural gas production is up significantly in the last decade. Our oil imports have been cut in half. But all this occurred in spite of massive new bureaucratic and political barriers...
Continental Resources well
A lease operator checks on the well pad of Continental Resources’ Bismarck 6-9H near Epping, ND. Continental has a number of well pads in the area.
On the heels of a first quarter loss, Whiting Petroleum Corp. of Denver, the Williston Basin’s largest oil producer, said a huge cash infusion by an unnamed investor allows it to continue running two drilling rigs and add a fracing crew...
Facing fines of $887,500, Key Energy Services LLC of Houston is seeking an administrative court hearing, after denying the allegations made in a formal complaint from the North Dakota Industrial Commission that it failed to properly clean up and plug two salt water disposal wells...
As crews from Matrix Service Company moved forward on construction of the first of six crude oil loading terminals in North Dakota, a top state official said the $3.78 billion Dakota Access Pipeline should be completed by the end of this year...
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