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Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $55.92
Colorado Western: $45.47
CO North Central: $50.91
WB Mixed Sweet: $51.09
ND Light Sweet: $52.66
Wyoming Sweet: $51.14
N Wyo. / S Mont.: $49.49

Spot prices updated June 30

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.77
Watford City, ND: $2.33
NGPL South TX: $2.70
Malin, OR: $2.76
PG & E City Gate, CA: $3.24
Northwest WY: $2.63
Opal, SW WY: $2.69
Ventura, IA: $2.74
Spot prices updated June 30

U.S. Rig Count

859 as of 6/26/2015
+2 from 6/19/2015
-1014 from 6/26/2014
(Courtesy Baker Hughes)


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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.

Following a June 24 hearing, the Montana Board of Oil and Gas Conservation decided to put off a decision on rulemaking to its August meeting...

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.

The judge issued a stay, saying the federal government needed more time to explain how the rule was developed...

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...
Mountrail and McKenzie counties will continue to be the prime targets for producers, even with lower crude oil prices, a major research firm concludes...
House For Sale
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...
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...
With the opening of a new southbound crude oil pipeline, more North Dakota producers in March opted for pipeline sales after the latest state production figures showed an increase to 1,190,583 BOPD...
The $425 million Dakota Prairie refinery in Dickinson, ND has started processing diesel fuel, and will ramp up during May to reach its full capacity of 20,000 BOPD...
Completing 125 oil wells in June will push state production back up to 1.2 million BOPD after four months of decline, primarily attributed to fewer rigs drilling and less completion work, North Dakota officials said...
Despite low natural gas prices, Oasis Petroleum of Houston plans on building a $200 million natural gas plant in its Wild Basin Field in McKenzie County, ND...
On the heels of recent crude oil unit train derailments, the nation’s leading refinery organization said the federal government must do more to address problems with tracks and rail personnel...
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...
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)...
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...
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.
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...
Fossil Hill Resources LLC of Sidney, MT posted the highest bid of $210 an acre for leases in Roosevelt County, offered at the Montana DNRC sale conducted June 2...
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...
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...
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...
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...
Because of low market natural gas and NGL prices, ONEOK Partners has stopped work on processing plants in Wyoming and North Dakota...
Helmerich and Payne yard
Helmerich & Payne organizes drilling rigs coming into its Dickinson, ND yard. (Photo by Marvin Cooper)
Wall Street reacted favorably to a fourth quarter earnings report from Continental Resources, which had a net income of $114 million on earnings of $1.19 billion...
Click on the video clip above to learn how operators are increasing production.

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.

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