Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $47.98
Colorado Western: $36.01
CO North Central: $41.51
WB Mixed Sweet: $41.29
ND Light Sweet: $39.24
Wyoming Sweet: $41.72
N Wyo. / S Mont.: $40.06

Spot prices updated Mar. 4

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $3.26
Watford City, ND: $2.82
NGPL South TX: $3.19
Malin, OR: $2.80
PG & E City Gate, CA: $2.98
Northwest WY: $2.72
Opal, SW WY: $2.81
Ventura, IA: $5.03
Spot prices updated Mar. 4

U.S. Rig Count

1267 as of 2/27/2015
-43 from 2/20/2015
-502 from 2/27/2014
(Courtesy Baker Hughes)


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Wall Street reacted favorably to the latest fourth quarter earnings report from Continental Resources, which had a net income of $114 million on earnings of $1.19 billion.

It also anticipates a higher ultimate recovery of 800,000 barrels on Williston Basin wells completed this year with slickwater and hybrid fracs...

Because of low market natural gas and NGL prices, ONEOK Partners has stopped work on processing plants in Wyoming and North Dakota.

The company suspended building the 200 Mmcf/day Demicks Lake processing plant in McKenzie County, with a cost range estimated at $475 million to $670 million...

WPX Energy of Tulsa said it will reduce its rig fleet in the Williston Basin from five to one by late spring, and from eight to three in Colorado’s Piceance Basin...
H and P Rig Wash
Helmerich & Payne’s Rig 36 gets a complete power washing before it is stacked out at the H&P yard in Dickinson, ND. 52 rigs have been stacked in North Dakota since November, and state regulators estimate there will another 15 laid down by June.
House For Sale
Nine new lateral wells completed by Bill Barrett Corp. of Denver in the northeast section of the Wattenberg Field in Colorado’s DJ Basin averaged a 30-day production of 617 BOEPD...
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...
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...
New technologies to enhance exploration and production of oil and gas have attracted $7 billion in funding since 2003...
Bill Gilliam Two locations outside of the western North Dakota oilfields are under consideration for a proposed $4 billion polyethylene manufacturing plant...
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.
TransCanada Corp. sold off its remaining 30% interest in Bison Pipeline...
North Dakota officials are negotiating a settlement with a Bismarck company, which faces $800,000 in fines for illegally dumping...
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.
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 ND Dept. of Trust Lands is opposing proposed legislation that would require the agency to delineate all navigable waters and sovereign lands at a cost of $43.5 million...
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...
Liberty Oilfield Services
Employees from Liberty Oilfield Services in Williston won the Most Valuable Team award at the Williston API Chili Cook Off in February.
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...
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...
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”...
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.

Click on the video clip above to learn how operators are increasing production.
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