Upper Rocky Mountain
Spot Crude Oil Prices
Colorado Western: $76.98
CO North Central: $78.75
WB Mixed Sweet: $76.63
ND Light Sweet: $79.64
Wyoming Sweet: $79.26
N Wyo. / S Mont.: $77.60
Spot prices updated Aug. 26
Daily Cash Market
Spot Natural Gas Prices
Watford City, ND: $3.50
NGPL South TX: $3.89
Malin, OR: $3.90
PG & E City Gate, CA: $4.55
Northwest WY: $3.82
Opal, SW WY: $3.85
Ventura, IA: $3.96
U.S. Rig Count
-17 from 8/15/2014
+120 from 8/22/2013
Continental Announces 2–1 Stock Split
Continental Resources, Inc. of Oklahoma City, the largest producer in the Williston Basin, said its board of directors declared a two-for-one stock split that will be distributed on Sept. 10 to shareholders of record as of Sept. 3.
“I want to congratulate and thank all those whose contributions have helped build this dynamic company to reach this milestone,” said Chairman and CEO Harold Hamm. “The split signifies our confidence in the company’s growth potential, and also increases access to CLR as an investment opportunity for a broader range of investors who want to access the American energy renaissance CLR is helping to lead.”
Public Hearing On Oil ‘Conditioning’ Set For Sept.
Hiland Rejects Payment Demands From JDC
Hiland Building Feeder Line To New Town Terminal
The capacity of the line, which is part of a larger system serving five North Dakota counties and two Montana counties, can be expanded to 60,000 BOPD.
“In connecting to the Pioneer terminal on the Canadian Pacific Railway network, we can now offer our clients access to every market outlet in the Bakken,” said Jim Suttle, senior vice president for Hiland Crude.
“The Hiland pipeline is an important link to the western area of the Williston Basin, effectively expanding our supply radius to enable cost effective delivery of oil to the Pioneer Terminal”, said Craig McKenzie, chairman and CEO for Dakota Plains.
The terminal is supplied by two gathering lines and ten unloading stations for crude oil tanker trucks.
Rail Issues Addressed At Conference
A panel of experts will address the latest crude rail terminal building in North Dakota at the Williston Economic Development Summit, which will be held Sept. 2–4.
Company representatives from Savage Services, Inergy Crude Logistics LLC, New Frontier, R & R Contracting, Red River Supply, North Star Transloading, and Port of Vancouver will update attendees on rail progress.
That seminar gets underway at 9 am, Sept. 3, and the meetings are to be held at the Grand Williston Hotel & Conference Center, 3601 Second Ave W., Williston.
Other presentations are also scheduled with the latest updates on pipeline work, population projections, and real estate market studies.
For more information on registration, call 800-735-6959 or click here.
Black Hills Bakken Conference Set For Oct. 1-2
The 2014 Black Hills Bakken & Investor Conference will be held Oct. 1-2 in Spearfish, SD, and will feature keynote speaker Norm Brodsky, who is co-author of Inc. magazine’s “Street Smarts” column.
Other speakers include Dean Purcelli, senior vice president for Stabilis Energy; Patric Galvin, president of South Dakota Proppants; Joel Block, CEO of Bullseye Capital; Mark Anderson, board chairman for Mainstream Investors LLC; and Chris Faulkner, CEO for Breitling Energy Corp.
The SD Oil and Gas Assn. is a co-sponsor of the conference. Early registration starts at $400 and goes up to $600. For more information, call 605-644-6005 or click here.
Crude Rail Conference Oct. 29-30 in Houston
The latest information on regulations, manufacturing of new tanker cars, terminal loading facilities and several other topics will be covered in the Crude by Rail 2014 Conference in Westin Galleria in Houston Oct. 29-30.
Speakers include Gabe Claypool, president and COO of Dakota Plains Holdings, Inc.; Pat McGannon, vice president for Rangeland Energy; Alan Yahev, marketing manager for Newfield Exploration; Earl Crochet, director of business development for Kinder Morgan, and executives from three different rail companies.
To register, call 800-721-3915, or click here.
Aug. 26 – 27: The Montana Petroleum Council will hold its annual meeting at the Crowne Plaza Hotel in Billings and incudes a barbecue and golf tournament. Alex Epstein, founder of Center for Industrial Progress, will give the luncheon keynote speech, “Moral Case For Fossil Fuels”. For more information, click here.
Sept. 23 – 25: The ND Petroleum Council will hold its annual meeting at the Astoria Dickinson Hotel and Event Center in Dickinson, ND. Registration opens July 29, and can be done through the NDPC website at: www.ndoil.org.
Sept. 29 – Oct. 1: 4th Annual Natural Gas Liquids Conference at the Hilton Houston Post Oak Hotel, Houston, TX. The conference offers high-caliber speakers and excellent information, with the latest NGL project updates and market outlook.
For complete information about the conference, click here.
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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