Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $40.93
CO North Central: $38.54
Colorado Western: $35.22
ND Light Sweet: $37.72
WB Mixed Sweet: $35.60
N Wyo. / S Mont.: $36.02
Wyoming Sweet: $37.66

Spot prices updated Apr. 28

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $1.89
Watford City, ND: $1.45
South TX Average: $1.79
Malin, OR: $1.76
PG & E City Gate, CA: $1.98
Northwest WY: $1.70
Opal, SW WY: $1.75
Ventura, IA: $1.87
Spot prices updated Apr. 28

U.S. Rig Count

431 as of 4/22/2016
-9 from 4/15/2016
-501 from 4/24/2015
(Courtesy Baker Hughes)
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Hess Corp. estimates it has at least 200 potential “core wells” in its Bakken production that could each produce 1 million barrels of crude oil over the life of the well with a 30-day initial production of 1,000 BOPD.

That disclosure was made to Wall Street analysts during the company’s first quarter conference call April 27, where it disclosed it was moving from 35 to 50-stage well fracs...

On the heels of a first quarter loss, Whiting Petroleum Corp. of Denver, the Williston Basin’s largest oil producer, said a huge cash infusion by an unnamed investor allows it to continue running two drilling rigs and add a fracing crew.

The company said the investor pumped in $30.7 million in cash in April, which will allow Whiting to complete existing wells...

With forecasts predicting that crude oil prices could reach as high as $70 a barrel later this year in the face of severe production declines in North Dakota and Texas, one analyst is predicting that it could be as long as 2017 before hydraulic fracturing service companies could get enough employees back on board...
As it works to cut costs, MDU Resources said it could lose up to $25 million this year from the operation of the Dakota Prairie Refinery in Dickinson, which came on line last May...
Surplus Oilfield Equipment
A man camp operator, Black Gold Oilfield Services LLC, lost its court battle to prevent the City of Williston from closing its 322-room facility...
House For Sale
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...
More than two dozen industry leaders, including Continental Resources’ CEO, will speak at the Williston Basin Petroleum Conference in Bismarck on May 24-26...
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...
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...
Above: A video presentation about understanding North Dakota’s well count. For more detailed information, 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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North Dakota oil production dropped only 4,129 BOPD, settling at 1,118,333 BOPD in February, while associated natural gas production jumped by over 50,000 Mcf a day to 1,6900,630 Mcf a day...
Facing fines of $887,500, Key Energy Services LLC of Houston is seeking an administrative court hearing, after denying the allegations made in a formal complaint from the North Dakota Industrial Commission that it failed to properly clean up and plug two salt water disposal wells...
As crews from Matrix Service Company moved forward on construction of the first of six crude oil loading terminals in North Dakota, a top state official said the $3.78 billion Dakota Access Pipeline should be completed by the end of this year...
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”...
$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...
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...
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...
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...
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