Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $53.59
CO North Central: $51.43
Colorado Western: $47.93
ND Light Sweet: $52.02
WB Mixed Sweet: $50.56
N Wyo. / S Mont.: $50.29
Wyoming Sweet: $51.93

Spot prices updated Dec. 12

Daily Cash Market
Spot Natural Gas Prices

Henry Hub, Erath, LA: $2.81
Watford City, ND: $2.37
Joliet Hub, Ilinois: $2.71
NGPL Midcontinent: $2.47
N. Border, Ventura, IA: $2.65
Cheyenne, WY Hub: $2.39
CIG Rocky Mountain: $2.42
NW Wyoming Pool: $2.62
Opal, SW Wyoming: $2.63
Questar, NE Utah: $2.52

Spot prices updated Dec. 12

U.S. Rig Count

931 as of 12/8/2017
+2 from 12/1/2017
+307 from 12/9/2016
(Courtesy Baker Hughes)
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Kraken Oil and Gas of Houston, a new independent in the Williston Basin, is making a steady commitment to continuous horizontal well drilling in eastern Montana, joining three other operators in a surge of new activity.

At the same time, results from the state oil and gas lease sale, which included acreage in Richland County, were disappointing. The Dec. 5 sale, conducted by the Montana Dept. of Natural Resources and Conservation, netted total bonuses of $194,406 for leases on 26,865 acres, with bids averaging $7.24 an acre...

A public hearing on the proposed draft air quality permit for Meridian Energy’s Belfield refinery is scheduled for 5:30 pm on Jan. 17, at Dickinson State University.

The proposed $900 million refinery will initially process 27,500 BOPD, and construction will start as soon as the final air quality permit is approved...

Williston Basin API award
Flowcore Systems won the Industry Innovation Award at the annual Williston API awards banquet earlier this month. Shown here, from left to right, are: Jon Greiner, Chuck Black (Flowcore), Jeff Zarling, and Alec Driscoll.
Citing profits and accelerated production from Williston Basin wells, Continental Resources reported bigger cash payouts, with new wells having an estimated ultimate recovery averaging 1.1 million BOE. Bakken production increased 14% over the second quarter to 136,851 BOEPD...
House For Sale
Hess Corp. anticipates that its estimated ultimate recovery on new Williston Basin wells next year will exceed 1 million barrels, as it increases completions on horizontal wells to 60 stages with 140,000 pounds of sand per stage at a cost of $6 million...
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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Bradley J. Holly, 46, an Anadarko Petroleum executive, was named president and CEO of Whiting Petroleum Corp., effective Nov. 1, succeeding James Volker who is retiring. Whiting is the largest producer in the Williston Basin, with a production of 112,000 BOEPD...
Campbell County dominated the high bidding at the Wyoming BLM oil and gas lease sale Cheyenne in September, which brought in bonuses totaling $38.7 million for leases on 106,687 acres...
North Dakota’s oil production jumped up by over 36,000 BOPD as operators are moving outside the “core areas” including Burke County, where ND Dept. of Mineral Resources director Lynn Helms said he was “surprised that someone took a major risk”...
Contending that Irish Oil & Gas, Inc. of Bismarck, ND refused to pay its share of the drilling costs in more than a dozen North Dakota wells, Crescent Point Energy wants the ND Industrial Commission to arbitrate the dispute...
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