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Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $43.20
Colorado Western: $33.69
CO North Central: $37.92
WB Mixed Sweet: $38.04
ND Light Sweet: $35.90
Wyoming Sweet: $38.10
N Wyo. / S Mont.: $36.46

Spot prices updated Sept. 3

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.67
Watford City, ND: $2.23
NGPL South TX: $2.60
Malin, OR: $2.58
PG & E City Gate, CA: $3.08
Northwest WY: $2.48
Opal, SW WY: $2.52
Ventura, IA: $2.69
Spot prices updated Sept 3

U.S. Rig Count

877 as of 8/28/2015
-8 from 8/21/2015
-1037 from 8/28/2014
(Courtesy Baker Hughes)
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Montana’s state oil and gas lease sale Sept. 1 netted only $16,988, with bids averaging $6.14 an acre for leases on 2,046 acres.

Conducted by the Dept. of Natural Resources and Conservation, the sale drew a high bid of $11 an acre from HERCO, LLC of Billings for 526 acres in Roosevelt County in Sec. 36, T30N-R59E...

North Dakota LNG, LLC has finished expansion of its Tioga plant, enabling it to increase production from 10,000 gallons a day to between 66,000 and 83,000 gallons per day.

The company now delivers the LNG fuel to five drilling rigs and one industrial site. The plant is tied in with the nearby Hess Corp. gas processing plant...

Proposed tough new Bureau of Land Management regulations that would force operators to get federal drilling permits because their wells are included in the same spacing unit are drawing strong opposition from North Dakota and the Western Energy Alliance...
Continental Resources’ stock price moved upward Aug. 6 after the company posted better than expected net income of $400,000 on revenues of $647 million, with a 4% increase in Williston Basin production reaching 140,988 BOEPD...
House For Sale
The US Dept. of the Interior is seeking $6.9 million in fines from a Sheridan-based operator, which has gone out of business, and the Wyoming Oil and Gas Conservation Commission has taken over ownership of its 2,300 wells in the Powder River Basin.
The civil penalty against High Plains Gas is one of the highest penalties ever assessed by the agency. Interior’s Office of Natural Resources Revenue had also sought another $4.2 million in penalties for not reporting gas production.
The state commission is making plans to plug the coal bed methane gas wells, which will be among the 700 that will be plugged this year.
North Dakota oil producers are getting more out of the ground because of accelerated new fracing techniques in core areas in McKenzie County. As a result—despite 100 fewer active drilling rigs—production has jumped 32,000 barrels in one month to over 1.2 million BOPD in May...
Ironhorse Resources LLC of Denver was high bidder at the Wyoming state oil and gas lease auction July 8, accounting for over half of the total $2.2 million in bonuses paid...
Clearbrook, MN is fast becoming the destination of choice for Williston Basin crude oil producers as the differential paid narrowed to just 35 cents to 75 cents less than the benchmark West Texas Intermediate price...
Hess Corp. cut a major deal, selling a 50% interest in its midstream assets in North Dakota—including its Tioga gas processing plant and crude rail loading terminal—for $2.675 billion, to Global Infrastructure Partners...
Efforts by the federal government to impose hydraulic fracturing regulations were temporarily stopped by US District Court Judge Scott Skavdahl in Wyoming just before the Bureau of Land Management was set to implement them June 24...
American Midstream Bakken LLC announced a binding open season to June 22 to solicit shipper support for a proposed 50-mile crude oil pipeline gathering system in McKenzie County, ND...
Continental Resources paid $2,272,820— about $14,200 an acre—for a 160-acre lease in North Dakota, during a March 10 online auction from the ND Dept. of Minerals and Trust Lands...
EOG Resources is scaling down its North Dakota drilling in 2015, and does not plan any “significant development” in Colorado’s DJ Basin or the Powder River Basin in Wyoming until crude oil prices improve...
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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Low oil prices and less demand for diesel fuel contributed to a growing $546.8 million loss for MDU Resources’ new $425 million refinery in Dickinson in the first six months of the year...
Despite the growing popularity of high sand volume slickwater fracs, Hess Corporation said that it is not buying into them yet as it disclosed second quarter Bakken production jumped 49% to 119,000 BOEPD as it continues to run an eight-rig program...
Two oilfield waste disposal facilities in North Dakota are going out of business, and a third is expanding...
More oil and gas organizations joined in the chorus of elected officials urging the Obama administration and Congress to lift the ban on exporting crude oil...
NDPC Cookfest
Petro Hunt employees serve food at the ND Petroleum Council Cookfest in South Heart, ND, where over 1500 people turned out in July for free barbecue, entertainment, and educational sessions.
Enable Midstream Partners LP said it has completed the first phase of its crude oil and water pipeline gathering system for XTO Energy wells in Mountrail and Williams counties in North Dakota...
Industry oil and gas leaders voiced strong opposition to efforts by an environmental group, which advocated rulemaking to increase quarter mile (1,320 feet) setbacks between drilling rigs and occupied dwellings...
The American Petroleum Institute is challenging the timeline imposed by the federal government in new rules requiring improvements on crude rail tank cars and brakes...
Hess Corp. announced that it will keep eight drilling rigs working in North Dakota, after reporting oil production had increased by 6,000 barrels to 102,000 BOEPD...
Mountrail and McKenzie counties will continue to be the prime targets for producers, even with lower crude oil prices, a major research firm concludes...
T-Rex Oil, Inc. of Broomfield, CO said it plans to buy 16,100 net mineral acres in Montana’s Daniels County for $7 million...
A last minute effort to eliminate North Dakota’s confusing trigger mechanism on oil taxes by reducing the state’s taxes to a flat 9.5% has the backing of the ND Petroleum Council...
Click on the video clip above to learn how operators are increasing production.
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