Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $58.13
CO North Central: $55.97
Colorado Western: $52.47
ND Light Sweet: $53.34
WB Mixed Sweet: $55.15
N Wyo. / S Mont.: $54.73
Wyoming Sweet: $56.37

Spot prices updated Feb. 16

Daily Cash Market
Spot Natural Gas Prices

Henry Hub, Erath, LA: $2.48
Watford City, ND: $2.04
Chicago Citygate: $2.41
NGPL Midcont., TX/OK: $2.07
Opal, SW Wyoming: $2.38

Spot prices updated Feb. 16

U.S. Rig Count

975 as of 2/16/2018
+0 from 2/9/2017
+224 from 2/17/2017
(Courtesy Baker Hughes)
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The ND Public Service Commission this month is being asked to approve the expansion of two natural gas processing plants at a cost of $386 million. Both projects have been previously announced as the state gears up on the construction of another two plants.

The commission held a public hearing Feb. 15 on the proposed Arrow Bear Den Gas Processing Plant in McKenzie County, which will add an additional 120 million cubic feet per day of processing capacity to the existing 30 Mmcf a day facility...

ONEOK Bear Creek Gas Processing Plant
ONEOK Rockies Midstream asked the ND Public Service Commission for aprroval to expand its Bear Creek gas processing plant in Dunn County.
Hess Corp. is laying off about 300 employees this year, primarily in its corporate offices in New York and Houston, as part of cost-cutting measures that will save $150 million per year starting in 2019...
House For Sale
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...
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”...
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, or reach us by phone/text message at 407-463-2237.
Strong shipper support with 20-year commitments to move 500,000 barrels of crude oil per day has been received by TransCanada Corp. for its proposed $8 billion Keystone XL Pipeline...
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...
Bradley J. Holly, 46, an Anadarko Petroleum executive, was named president and CEO of Whiting Petroleum Corp. at the beginning of November, 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...
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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