Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $48.87
CO North Central: $45.96
Colorado Western: $43.21
ND Light Sweet: $42.31
WB Mixed Sweet: $42.50
N Wyo. / S Mont.: $42.66
Wyoming Sweet: $44.30

Spot prices updated Jan. 20

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.21
Watford City, ND: $2.77
CIG Rocky Mtn: $3.00
Opal, SW Wyoming: $3.05
Malin, Oregon: $3.10
NGPL Midcontinent: $3.03
Chicago Citygate: $3.18
NGPL TX / OK: $3.07

Spot prices updated Jan. 20

U.S. Rig Count

694 as of 1/20/2017
+35 from 1/13/2017
+57 from 1/22/2016
(Courtesy Baker Hughes)
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Dakota Plains Holdings of Wayzata, MN, which operates a crude oil train loading terminal in New Town, ND, said it still wants to run its operations while it is going through Chap. 11 bankruptcy.

The company hopes to get $2 million in financing from SunTrust Bank upon the approval of the US Bankruptcy Court in Minnesota to maintain its operations during bankruptcy proceedings...

Concerned about truck traffic, safety, and the distance from their homes, 40 McKenzie County, ND residents objected to a proposed salt disposal well.

“We have valid and serious safety concerns about the placement of this five-acre, high volume, commercial SWIF immediately adjacent to an established residential area, and the amount of heavy truck traffic that would occur...” they said in a petition to the ND Industrial Commission...

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...
House For Sale
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...
Higher natural gas volumes and increased fees from Williston Basin producers contributed to ONEOK Partners’ second quarter net income of $261.5 million on $455.8 million in revenues...
Settlements totaling $123,003 were confirmed in August, with formal orders from the ND Dept. of Mineral Resources resulting in $550,000 in fines against six operators for varied oilfield violations—many of them being accidental oil and salt water spills...
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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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...
MDU Resources crew
Braving bone-chilling temperatures, MDU Resources crews dig snow out of the bellhole at the new valve setting at its Tioga, ND compressor station.
Bids averaged $1.59 acre for oil and gas leases in two Montana counties that netted the state only $11,921...
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...
A large group of royalty owners, who are contesting ownership of minerals in 200 acres along the Missouri River near Williston, are headed to the ND State Supreme Court, appealing the summary judgement of a district court judge...
Continental Resources sold off leases on 80,000 net acres along with 2,800 BOEPD of production in the Williston Basin to an undisclosed buyer for $222 million...
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