Serving The Bakken And Beyond
DOE Oilfield Equipment Sale
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $100.87
Colorado Western: $87.57
CO North Central: $90.31
WB Mixed Sweet: $88.69
ND Light Sweet: $91.56
Wyoming Sweet: $90.98
N Wyo. / S Mont.: $89.29

Spot prices updated July 22

Abrasives Inc.

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.80
Watford City, ND: $3.36
NGPL South TX: $3.78
Malin, OR: $3.85
PG & E City Gate, CA: $4.52
Northwest WY: $3.74
Opal, SW WY: $3.78
Ventura, IA: $3.87
Spot prices updated July 22

U.S. Rig Count

1871 as of 7/18/2014
-4 from 7/11/2014
+101 from 7/18/2013
(Courtesy Baker Hughes)


Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
Oilfield Photos
BREAKING NEWS

SM Energy Posts High WY Sale Bid

SM Energy of Denver posted the highest bid — $4,800 an acre — for Converse County leases, at the Wyoming state auction on July 8, which brought in a total of $9.1 million for oil and gas leases on 59,130 acres.

SM Energy’s bid totaled $384,114 for 80 acres in Sec. 13, T139N-R76W. The company also came in with a high bid in the same county at $4,700/acre for 40 acres in Sec. 25, T139N-R76W.

The sale was conducted by the Wyoming Office of State Lands and Investments in Cheyenne.

Glacier Land Services LLC of Centennial, CO posted the next highest bid, paying $3,000 an acre for a total of $1.8 million, for 600 acres in Laramie County in Sec. 34, T15N-R65W.

Pacer Energy Acquisitions LLC of Gillette posted a high bid of $2,975/acre for a total of $1.9 million for 640 acres in Converse County in Sec. 36, T40N-R70W.

MBI Oil and Gas LLC of Belfield, ND was high bidder in Campbell County for 320 acres, paying $2,245/acre for a total of $718,783 in Sec. 16, T44N-R70W.

Also in Campbell County, Alfson Energy Land Services Inc. of Greenwood Village, CO paid $850/acre for 120 acres in Sec. 12, T44N-R70W.

Hoover & Stacy Inc. of Cheyenne was high bidder at $800/acre for 277 acres in Laramie County in Sec. 30, T15N-R63W. In the same county, Hoover & Stacy paid $745/acre for 640 acres in Sec. 16, T16N-R64W and $760/acre for 320 acres in Sec. 24, T16N-64W.

McKenzie County Bid Tops $9,900/Acre At BLM Sale

A 16-acre tract in McKenzie County drew the highest bid at $9,900 an acre—but the lion’s share of the leases were in South Dakota’s Fall River County, during the July 15 Bureau of Land Management sale in Billings.

High bidder was Langham Petroleum LLC of Greenwood Village, CO, which paid a total of $168,300 for the tract in Sec. 28, T152N-R104W.

In all, the sale pulled in $1,084,838 in bonuses, with bids averaging $70 an acre for leases on 705 acres in North Dakota and 14,763 acres in South Dakota.

The second highest group of bids was for 60-foot strips along the US-Canadian border in Divide County. Leraas Resources LLC of Minneapolis paid $3,700/acre for 7.28 acres in Sec. 25, T164N-R101W. J.P. Furlong Co. of Bismarck was high bidder at $3,400/acre for 7.1 acres in Sec. 30, T164N-R101W, while Norwegian American Oil Corp. of Minneapolis paid $2,600/acre for 6.46 acres in Sec. 28, T164N-R102W.

The highest Fall River County lease went to Murfin Drilling Co., Inc. of Wichita, KS, which paid $110/acre for 640 acres in Sec. 1, T9S-R1E.

Red River Oil and Gas LLC of Englewood, CO paid $80/acre for 440 acres in Sec. 8, T8S-R1E, and was also high bidder for 159 acres at $75/acre in Sec. 6, T8S-R1E.

T-C Oil Company, LLC of Refugio, TX paid $51/acre for 560 acres in Sec. 30, T8S-R1E. It paid $50/acre for 160 acres in Sec. 19, T8S-R1E, and the same amount for 320 acres in sections 29 and 30, T8S-R1E; and 449/acre for 400 acres in sections 31 and 32, T8S-R1E.

Univar Grand Opening

Univar, Inc., a distributor of industrial and chemical products, opened two warehouses, totaling 18,000 square feet and costing $6.2 million, in Dickinson, ND on a five-acre site that includes a truck base and tank farm. Among those attending the June 30 grand opening (pictured above, from left to right) were: Univar employees Jesse Greene and Jade Field; Dickinson City Commissioner Carson Steiner; Univar’s president of Oil & Gas and Mining, Chris Oversby; Sen. Heidi Heitkamp (D-ND); Brian Banerdt, Univar vice president; and Dan Hauptmann, a Univar employee.

Annual Meetings

Aug. 4 – 7: The Colorado Oil and Gas Assn. is holding its Rocky Mountain Energy Summit at the Colorado Convention Center in Denver. To make reservations, click here or phone 888-421-1442.

Aug. 19 – 20: The annual meeting of the Petroleum Assn. of Wyoming will be held at the Parkway Plaza Hotel in Casper. Registration for the meeting and golf tournament can be done online at www.pawyo.org, or by calling 307-234-5333.

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.

Upcoming Events

Aug. 4 – 7: Rocky Mountain Energy Summit at the Colorado Convention Center, Denver, CO.

This event is hosted by the Colorado Oil and Gas Association. Among other topics, the summit will assess the state of the industry and the issues that must be addressed to gain public support. Also on the agenda is a discussion which will explore the technology revolution and the accompanying cultural shift requiring a long-range view of community engagement.

For complete information about the summit, click here.

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.

Subscribe to Oil Patch Hotline by clicking here.

Notice to Online Subscribers

Oil Patch Hotline is copyrighted. It is unlawful to forward content, in whole or in part, to others.

It has come to our attention that some subscribers are emailing their copies to other offices within their company, or other companies.

This practice is strictly prohibited and a violation of copyright laws, unless you have the express written permission of Oil Patch Hotline.