Serving The Bakken And Beyond
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Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $22.66
Colorado Western: $14.00
CO North Central: $18.69
WB Mixed Sweet: $15.94
ND Light Sweet: $15.92
Wyoming Sweet: $16.14
N Wyo. / S Mont.: $14.34

Spot prices updated Feb. 11

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.12
Watford City, ND: $1.68
NGPL South TX: $2.00
Malin, OR: $1.91
PG & E City Gate, CA: $2.14
Northwest WY: $1.80
Opal, SW WY: $1.86
Ventura, IA: $2.20
Spot prices updated Feb. 11

U.S. Rig Count

571 as of 2/5/2016
-48 from 1/29/2015
-885 from 2/6/2015
(Courtesy Baker Hughes)
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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.

The Petroleum Assn. of Wyoming was generally supportive of the new changes that went into effect Feb. 1...

The top executive for Nuverra Environmental Solutions, Mark Johnsrud, told employees that he cut his own pay to $1 this year as a “tangible expression of my confidence in our future”.

“I believe we can and will overcome this cycle by continuing to show strength in the face of adversity and by identifying and implementing efficiencies throughout our business,” Johnsrud said in a letter to employees...

Hess Corp. slashed its overall capital spending budget by 40%, dropping its budget for North Dakota down to $425 million for a two-rig program and completion of 80 oil wells...
Surplus Oilfield Equipment
Despite declining crude oil prices and fewer drilling rigs, North Dakota’s oil production jumped by 5,000 BOPD to 1,176,314 BOPD in November. The figures, which surprised state officials, conflicts with national forecasts that that Bakken production, along with other shale plays, will decline...
ONEOK Partners plans a 2016 capital spending program of $460 million and anticipates volume growth of 27% in the Williston Basin, with the connection of new pipelines and gas plants...
House For Sale
Whiting Petroleum of Denver and Oxy USA led operators in selling off producing oil wells in North Dakota, and 710 well sales so far have brought nine new operators into the Bakken play...
Wyoming’s oil and gas industry gave reluctant approval to upping well bond and drilling permit fees, and questioned other provisions of proposed rules from the Wyoming Oil and Gas Conservation Commission...
NAPE Expo Denver
Western Energy Alliance president Tim Wigley shares insight on the current dynamics of advocacy in the oil and gas industry at the NAPE Business Conference in downtown Denver, which was held in early December.
Efforts by EOG Resources to consider new evidence supporting a 960-acre spacing unit in Mountrail County were rejected by the ND Industrial Commission on Nov. 12...
Hess Corporation disclosed it is moving more Bakken crude oil by pipeline to refineries in Minnesota because the Clearbrook differential is only $1 off the daily benchmark West Texas Intermediate crude price...
A US federal district judge in Wyoming stopped the Bureau of Land Management’s efforts to regulate hydraulic fracturing on Sept. 30...
A group of producers, led by the ND Petroleum Council, has stopped the Bureau of Land Management in Dickinson from assessing royalties on flared gas from wells on federal and Indian lands in the state...
Whiting Petroleum of Denver, the largest operator in the Williston Basin, cited an overall 38% production increase and said its North Dakota-Montana production averaged 130,895 BOEPD during the third quarter...
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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More than two dozen industry leaders, including Continental Resources’ chairman and CEO, will speak at the Williston Basin Petroleum Conference in Bismarck on May 24-26...
$125 Million Pipeline Okayed
Paradigm Project
The ND Public Service Commission has approved a new 70-mile crude oil pipeline carrying up to 200,000 BOPD that will run 70 miles from Keene to the Phillips66 crude oil rail terminal at Palermo. Extra measures have been put in place for pipeline monitoring, as the 16-inch pipe will go 100 feet under the bed of Lake Sakakawea. “We reviewed this project very closely, and the company committed to high standards of construction, operation, and reclamation; including and especially in regard to the crossing of Lake Sakakawea,” said Julie Fedorchak, chairman of the NDPSC.
Because of market conditions, Nuverra Environmental Solutions said it has reached a mutual agreement with XTO Energy, Inc. to stop its contract for providing midstream services...
Dakota Access officials confirmed that construction is to start in January on the first of six crude oil terminals and loading facilities, as part of their $3.87 billion pipeline project...
Lengthy delays in approving drilling permits on federal land in North Dakota have caused financial harm to a state agency, the ND Dept. of Trust Lands, according to State Land Commissioner Lance Gaebe...
CHS Inc., which is in the middle of a $400 million upgrade at its Laurel, MT crude oil refinery, said contracts have been let to build a 55,000 BPD hydrogen plant there...
Above: A video presentation about understanding North Dakota’s well count. For more detailed information, click here.
Although QEP Resources, Inc. of Denver reported a lower net income of $21.1 million, it saw a 3% production increase in its Williston Basin holdings, to 54,000 BOEPD in the third quarter after completing 24 gross wells...
USD Partners of Houston paid $225 million for a crude oil loading terminal in Casper, WY, which has 100,000 barrels of storage capacity and dual loop tracks...
Colorado’s state supreme court will hear legal arguments for and against hydraulic fracturing bans imposed by two cities, Longmont and Fort Collins...
Lenders cut the borrowing base for Williston Basin producer Emerald Oil, Inc. of Denver from $200 million to $120 million, resulting in a deficiency of $19.6 million...
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