Serving The Bakken And Beyond
Hilco Industrial
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $52.08
CO North Central: $48.45
Colorado Western: $45.92
ND Light Sweet: $48.02
WB Mixed Sweet: $47.02
N Wyo. / S Mont.: $46.33
Wyoming Sweet: $47.87

Spot prices updated July 19

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $2.010
Henry Hub, Erath, LA: $2.275
N. Border, Watford, ND: $1.885
N. Border, Ventura, IA: $2.095
Chicago Citygate: $2.110
NGPL Midcontinent: $1.695
Cheyenne Hub, CO: $1.670
K. Morgan / CIG, WY: $1.685
Opal, SW Wyoming: $1.875
Questar, Utah: $1.810

Spot prices updated July 19

U.S. Rig Count

954 as of 7/19/2019
-4 from 7/12/2019
-92 from 7/20/2018
(Courtesy Baker Hughes)
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North Dakota oil production remained relatively flat in May, as operators “self-restricted” output as much as 25,000 BOPD to meet state gas flaring limits.

The ND Dept. of Mineral Resources said oil production rose to 1,393,284 BOPD, up only 799 BOPD over April, while gas production came in at 2,821,672 Mcf a day, down approximately 11,000 Mcf over April.

Because of the critical shortage of outbound crude oil pipelines in Canada, Enbridge, Inc. is proposing an expansion of its older Express Pipeline...
A $200-an-acre bonus paid for a 640-acre tract in Richland County accounted for more than half of the total revenues from the June 4 Montana state oil and gas lease sale...
House For Sale
Two Dunn County tracts posted the highest bids at the North Dakota state oil and gas lease sale, which brought in bonuses totaling $1,100,668, with bids averaging $52.55 an acre for leases on 20,944 acres in a dozen counties...
On the heels of a first quarter net income of $32 million, Hess Corp. cited a 17% jump in Bakken production to 130,000 BOEPD, compared to 111,000 BOEPD in the same quarter a year ago. It is also planning expansion of its gas processing plant at Tioga...
Converse County dominated the high bidding at the Bureau of Land Management’s Wyoming oil and gas lease sale on March 1, which pulled in $87.9 million in bonuses for leases on 437 tracts totaling 527,000 acres...
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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Unit Drilling Rig 409
Unit Rig #409 is shown here drilling the SnakeEyes 8-20-29 TFH well in Mountrail County in Sec. 20, T152N-R91W for Slawson Exploration of Denver.
(Photo by Denis Smith)
A huge expansion costing between $35 million and $40 million, that will more than double the capacity of the Dakota Access Pipeline to 1.1 million BOPD, was proposed by Energy Transfer Partners. Work will be completed by February 2021...
Hess Corporation brought in a record producing oil well in McKenzie County’s Antelope Field, revealing that it was the highest 24-hour initial production test of any oil well ever drilled in the United States...
Empire Petroleum Corp. of Tulsa paid $5.6 million for 184 stripper wells producing 375 BOEPD in a dozen Williston Basin counties covering leases on 20,700 acres. Much of the acreage is located near leases already owned by Empire...
Greenpeace and other individuals were blamed for directing protests causing millions of dollars in damage at the construction site of Dakota Access Pipeline, in a new lawsuit filed by Energy Transfer Partners...
Marathon Oil Corp. saw well costs drop to $5 million in the third quarter of 2018 as it brought 27 new wells online in the Williston Basin, increasing year over year production by 40% to 94,000 BOEPD. In the Myrmidon area, the average 30-day initial production rate was 3,335 BOEPD...
With total third quarter 2018 production up 14% to 186,934 BOPD, Continental Resources will spend $1.063 billion this year in the Bakken, as it plans completing 166 gross wells while running six drilling rigs...
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