Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $44.52
CO North Central: $40.38
Colorado Western: $37.43
ND Light Sweet: $39.39
WB Mixed Sweet: $38.47
N Wyo. / S Mont.: $38.61
Wyoming Sweet: $40.25

Spot prices updated June 24

Daily Cash Market
Spot Natural Gas Prices

Henry Hub: $2.68
Watford City, ND: $2.14
CIG Rocky Mtn: $2.47

Spot prices updated June 23

U.S. Rig Count

421 as of 6/24/2016
-3 from 6/17/2016
-438 from 6/26/2015
(Courtesy Baker Hughes)
Subscribe To Oil Patch Hotline

Scenic Fine Art Wall Prints
Scenic Photos
To Get Yours, Click Here

A federal judge’s decision that the Bureau of Land Management does not have the authority to regulate hydraulic fracturing was hailed as a victory to stop federal overreach.

“This ruling is a victory in our ongoing efforts to restrict federal overreach,” said ND Atty. Gen Wayne Stenehjem, who had joined in the lawsuit to stop BLM’s rulemaking along with Colorado, Utah and Wyoming...

Holly Energy Buys 50%
Stake in WY Pipeline

Holly Energy Partners LP paid $42.5 million for a 50% interest in an 87-mile crude oil pipeline that runs from Fort Laramie to Cheyenne, WY.

The other 50% interest in the Cheyenne Pipeline is Plains All American Pipeline LP, which will continue to run the 80,000 BOPD pipeline.

Holly has also increased volume commitment on the pipeline.

Last year, Holly bought a 50% interest in Frontier Pipeline, which has a 75,000 BOPD crude pipeline running from Wyoming to Utah.

Surplus Oilfield Equipment
Oasis Petroleum cited cost improvements, progress on its 80 Mmcf a day gas processing plant in McKenzie County, and testing of new fracing techniques as it produced 50,315 BOEPD (85% oil) in the first quarter from its Williston Basin wells...
House For Sale
Hess Corp. estimates it has at least 200 potential “core wells” in its Bakken production that could each produce 1 million barrels of crude oil over the life of the well with a 30-day initial production of 1,000 BOPD...
With forecasts predicting that crude oil prices could reach as high as $70 a barrel later this year in the face of severe production declines in North Dakota and Texas, one analyst is predicting that it could be as long as 2017 before hydraulic fracturing service companies could get enough employees back on board...
As it works to cut costs, MDU Resources said it could lose up to $25 million this year from the operation of the Dakota Prairie Refinery in Dickinson, which came on line last May...
A man camp operator, Black Gold Oilfield Services LLC, lost its court battle to prevent the City of Williston from closing its 322-room facility...
The Wyoming Oil and Gas Conservation Commission implemented new changes in drilling permit applications and fees, including requirements for $100,000 blanket bonds and individual wells bonds at the rate of $10 a foot...
ONEOK Partners plans a 2016 capital spending program of $460 million and anticipates volume growth of 27% in the Williston Basin, with the connection of new pipelines and gas plants...
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.
Donald Trump

Republican presidential candidate 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...
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.
On the heels of a first quarter loss, Whiting Petroleum Corp. of Denver, the Williston Basin’s largest oil producer, said a huge cash infusion by an unnamed investor allows it to continue running two drilling rigs and add a fracing crew...
Facing fines of $887,500, Key Energy Services LLC of Houston is seeking an administrative court hearing, after denying the allegations made in a formal complaint from the North Dakota Industrial Commission that it failed to properly clean up and plug two salt water disposal wells...
As crews from Matrix Service Company moved forward on construction of the first of six crude oil loading terminals in North Dakota, a top state official said the $3.78 billion Dakota Access Pipeline should be completed by the end of this year...
The top executive for Nuverra Environmental Solutions, Mark Johnsrud, told employees that he cut his own pay to $1 this year as a “tangible expression of my confidence in our future”...
Because of market conditions, Nuverra Environmental Solutions said it has reached a mutual agreement with XTO Energy, Inc. to stop its contract for providing midstream services...
Whiting Petroleum of Denver and Oxy USA led operators in selling off producing oil wells in North Dakota, and 710 well sales so far have brought nine new operators into the Bakken play...
CHS Inc., which is in the middle of a $400 million upgrade at its Laurel, MT crude oil refinery, said contracts have been let to build a 55,000 BPD hydrogen plant there...
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.