Serving The Bakken And Beyond
Hilco Industrial
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $57.87
CO North Central: $54.84
Colorado Western: $51.71
ND Light Sweet: $53.54
WB Mixed Sweet: $53.37
N Wyo. / S Mont.: $52.52
Wyoming Sweet: $54.06

Spot prices updated May 22

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $2.080
Henry Hub, Erath, LA: $2.610
N. Border, Watford, ND: $2.220
N. Border, Ventura, IA: $2.135
Chicago Citygate: $2.285
NGPL Midcontinent: $1.630
Cheyenne Hub, CO: $1.990
K. Morgan / CIG, WY: $1.765
Opal, SW Wyoming: $1.720

Spot prices updated May 22

U.S. Rig Count

987 as of 5/17/2019
-1 from 5/10/2019
-59 from 5/18/2018
(Courtesy Baker Hughes)
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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.

BIP Energy of Denver posted the highest bid at $300 an acre for 80 acres in Dunn County in Sec. 36-T146W-R92N, followed by a high bid of $291/acre from Beta Land Services of Lafayette, LA for 80 acres in Sec. 35, T146-R92W...

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...
House For Sale
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...
Increased pipeline crude oil shipments from the North Dakota Bakken are one of the contributing factors for the $360 million expansion of the port and channel at Corpus Christi, TX for larger tanker ships exporting overseas...
The ND Industrial Commission found itself for the first time in the middle of a debt collection case, in which Equinor Energy LP is seeking $1.3 million reimbursement for participating in 38 North Dakota wells from JTT Oil LLC of Gillette, WY...
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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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...
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...
The North Dakota Board of University and School Lands began soliciting bids from engineering firms this past December, to clarify the legal designations on disputed Ordinary High Water Mark acreage along the Missouri River...
Fossil Hill Resources of Sidney, MT dominated the high bidding on three Roosevelt County tracts, as the Montana state oil and gas lease sale, held on Dec. 4, brought in $485,496 in bonuses, with bids averaging $53.81 an acre...
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