Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $45.78
CO North Central: $43.32
Colorado Western: $40.12
ND Light Sweet: $40.50
WB Mixed Sweet: $40.60
N Wyo. / S Mont.: $40.21
Wyoming Sweet: $41.85

Spot prices updated Apr. 28

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.17
Watford City, ND: $2.73
CIG Rocky Mtn: $2.70
Opal, SW Wyoming: $2.77
Malin, Oregon: $2.86
NGPL Midcontinent: $2.77
Chicago Citygate: $2.92
NGPL TX / OK: $2.96

Spot prices updated Apr. 28

U.S. Rig Count

870 as of 4/28/2017
+13 from 4/21/2017
+450 from 4/29/2016
(Courtesy Baker Hughes)
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Bakken crude oil production for Hess Corp. for the first quarter was up 7,000 BOPD more than the company had anticipated.

Even though it completed only eight wells during the three months of the year, Hess attributed improved production “to higher frac stage counts and higher proppant loadings,” said president and COO Greg Hill...

While not mentioning Lake Sakakawea by name, a new brief sent to the ND Supreme Court from the North Dakota Attorney General this month continues to assert state mineral ownership under the lake...
EOG Resources cited successful production from new wells in Wyoming’s Powder River Basin, and the company plans on completing 30 wells on its holdings, which have increased to 400,000 acres...
House For Sale
With the federal government and the state of North Dakota fighting over ownership of the minerals under Lake Sakakawea—and with millions of dollars in royalties at stake—Continental Resources wants a federal judge to resolve the dispute...
On the heels of its $785 million acquisition of 55,000 acres and assets from SM Energy, Oasis Petroleum plans a very aggressive well completion program in the Williston Basin if oil prices stay in the $50 range...
A group of mineral owners wants the ND Supreme Court to force Zenergy to disclose cost information on two McKenzie County wells for the non-participating owners...
Donald Trump

During his 2016 election campaign, President Donald Trump gave the following speech to an audience in Bismarck, ND:

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...
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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Two landowners in McKenzie County, ND voiced strong objections to renewing approval for an oilfield waste disposal facility after citing contamination on the site...
A federal grand jury in Minneapolis indicted the former president of Dakota Plains Holdings, which operated the crude oil rail loading terminal at New Town, ND, and two other men not connected with the company on charges of wire fraud...
After reporting a fourth quarter net loss of $12.3 million, Northern Oil and Gas of Minnetonka, MN said it will spend $102.2 million to participate in 12 net wells in the Williston Basin this year...
True Oil LLC estimates it can recover between 300,000 and 400,000 barrels of crude oil from injecting ethane and other gases into a McKenzie County, ND well located in the Red Wing Creek Unit...
EOG Resources joined other oil companies and royalty owners in challenging the inclusion of Lake Sakakawea as part of the state of North Dakota’s mineral ownership...
A state legislator wants the ND Industrial Commission, which oversees the oil and gas industry in the state, to get tougher on royalty statements issued by Hess Corp. that don’t explain deductions...
Emerald Oil Inc. of Denver, a small independent operator in the Williston Basin, emerged from Chapter 11 bankruptcy protection and will be renamed National Oil Production Company LLC...
Bids averaged $1.59 acre for oil and gas leases in two Montana counties that netted the state only $11,921...
The ND Industrial Commission imposed a $325,000 fine in late September against Black Gold Enterprises of Billings, MT, which has gone bankrupt, but the chances of collecting any money from the struggling company are doubtful...
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