Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $40.90
Colorado Western: $25.69
CO North Central: $30.57
WB Mixed Sweet: $29.38
ND Light Sweet: $28.29
Wyoming Sweet: $30.50
N Wyo. / S Mont.: $28.85

Spot prices updated Jan. 28

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.89
Watford City, ND: $2.45
NGPL South TX: $2.67
Malin, OR: $2.67
PG & E City Gate, CA: $3.12
Northwest WY: $2.56
Opal, SW WY: $2.62
Ventura, IA: $2.82
Spot prices updated Jan. 28

U.S. Rig Count

1633 as of 1/23/2015
-43 from 1/16/2015
-144 from 1/23/2014
(Courtesy Baker Hughes)


Scenic & Oilfield Wall Prints
Scenic Photos
To Get Yours, Click Here

Hess Corporation will cut capital spending in North Dakota this year, reducing its budget from $2.2 billion to $1.8 billion, and also reduce its drilling rigs from 17 to 9.5 with the goal of bringing 210 wells on line.

The overall 2015 capital budget was cut 16% to $4.7 billion...

Kinder Morgan, Inc. has agreed to pay $3 billion to buy Hiland Partners’ Williston Basin oil and gas pipeline network owned by Harold Hamm, who is also chairman of Continental Resources.

“We are delighted to establish a substantial midstream footprint in one of the most prolific oil producing basins in the United States,” said Kinder Morgan chairman and CEO Richard D. Kinder...

The contention that the state of North Dakota could lose $336 million over the next six years if state legislators approve a bill voiding flaring and oil conditioning regulations was challenged by Rep. Keith Kempenich (R-Bowman)...
Slawson Exploration of Denver objected to 2560-acre overlapping spacing units sought by Marathon Oil Co. in Mountrail County, at a hearing Jan. 21 before the ND Industrial Commission...
House For Sale
MDU Resources said the cost of the new Dakota Prairie Refinery at Dickinson, ND has now escalated to $400 million, and startup has been put off until the second quarter...
PDC Energy, one of the largest producers in Colorado’s Wattenberg Field, announced a 14% cut in its 2015 capital budget totaling $557 million...
The financial fallout from North Dakota’s newly adopted oil conditioning rules could have a huge impact on the oil and gas industry, according to a new analysis just released by Genscape...
Halcón Resources of Houston said it will build a compressed natural gas facility in North Dakota next year to replace diesel fuel in its drilling operations...
Continued lower oil prices will force North Dakota operators to take a hard look at cutting costs—and if prices stay below $70 for Bakken crude, “fringe” counties including Bowman, Slope, McLean, and part of Divide may see less drilling, the state’s top regulator said...
New technologies to enhance exploration and production of oil and gas have attracted $7 billion in funding since 2003...
EIA administrator Adam Sieminski predicts that continued growth in the world oil supply will push crude prices lower in the near term...
Bill Gilliam Two locations outside of the western North Dakota oilfields are under consideration for a proposed $4 billion polyethylene manufacturing plant...
Click on the video clip above to learn how operators are increasing production.
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.
North Dakota Gov. Jack Dalrymple bragged about imposing more rules on the state’s oil and gas industry—citing the fact that 60 new regulatory codes have been added to “strengthen our oversight and environmental protections”...
North Dakota state officials saw a dramatic rise in uncompleted wells—as many as 775 at the end of November—and anticipate even more through the end of March...
HERCO LLC of Billings was high bidder—at $330 an acre—at the Montana Dec. 2 state oil and gas lease sale, which pulled in total bonuses of $222,158...
NGL Energy Partners LP of Tulsa bought two North Dakota salt water disposal systems...
After reporting a third quarter 10% revenue gain, Nuverra Environmental Solutions anticipates increased business next year...
Dawson Geophysical of Bismarck, ND faces $21,000 in fines from the North Dakota Industrial Commission...

The ND Dept. of Mineral Resources is negotiating a settlement with Zavanna LLC of Denver, after the agency filed a complaint seeking $150,000 in fines stemming from fluid spills at two McKenzie County wells.

The DMR said fluids spilled on and near the Pvt. Frazier 1-34H well in Sec. 34, T152N-R104W and the York 12H well in Sec. 3, T151N-R104W in March.

The company denied the allegations.

Dave Lesar Despite declining oil prices, the top executive for Halliburton said there is no indication from producers that they plan to back off their current or future drilling programs...
Dakota LNG Plant
The $30 million North Dakota LNG LLC plant, located next to the Hess Corp. gas processing plant in Tioga, has just come on line and is producing 10,000 gallons per day. Construction of the new plant started early last May, and the Wayzata, MN-based company hopes to increase capacity by another 66,000 gallons per day by next spring.
North Dakota officials are negotiating a settlement with a Bismarck company, which faces $800,000 in fines for illegally dumping...
TransCanada Corp. sold off its remaining 30% interest in Bison Pipeline...
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.