Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $47.95
CO North Central: $45.14
Colorado Western: $42.29
ND Light Sweet: $41.39
WB Mixed Sweet: $42.08
N Wyo. / S Mont.: $41.68
Wyoming Sweet: $43.32

Spot prices updated Dec. 9

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.75
Watford City, ND: $3.31
CIG Rocky Mtn: $3.54
Opal, SW Wyoming: $3.66
Malin, Oregon: $3.64
NGPL Midcontinent: $3.62
Chicago Citygate: $3.81
NGPL TX / OK: $3.64

Spot prices updated Dec. 9

U.S. Rig Count

624 as of 12/9/2016
+27 from 12/2/2016
-85 from 12/11/2015
(Courtesy Baker Hughes)
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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.

“Royalty owners generally are not on an equal footing when dealing with large oil and gas companies, and the commission has a responsibility under law,” said Rep. Robert J. Skarphol, “to ensure the protection of royalty owners by approving forms that clearly identify and explain deductions and adjustments.”...

Bids averaged $1.59 acre for oil and gas leases in two Montana counties that netted the state only $11,921.

Conducted by the Montana Dept. of Natural Resources and Conservation, the leases were offered in Blaine and Toole counties, with leases sold for 7,494 acres...

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
As some producers curtailed well flows in August, North Dakota saw crude oil production drop by 48,695 BOPD to 981,039 BOPD. It was the sharpest month-over-month decline as production went up slightly in July to 1,029,734 BOPD...
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...
Donald Trump

President-elect Donald Trump gave the following speech to an audience in Bismarck, ND on May 26:

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...
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...
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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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...
Williston API Award
The Williston chapter of the API awarded its Volunteer of the Year honor to Leah Rambur at its annual banquet earlier this month. Shown here, from left to right, are: Jonathan Isblings from Halliburton; Scott Bennett from Weatherford; Danny Thompson, a member of the API Board; Leah Rambur from Liberty Oilfield Services; Darren Schmidt from Statoil; Crysie Hendershott from Torcsill; and Ken Callahan from MDU.
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 well
A lease operator checks on the well pad of Continental Resources’ Bismarck 6-9H near Epping, ND. Continental has a number of well pads in the area.
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...
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...
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