Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $50.61
CO North Central: $46.88
Colorado Western: $44.45
ND Light Sweet: $42.16
WB Mixed Sweet: $42.66
N Wyo. / S Mont.: $42.31
Wyoming Sweet: $43.85

Spot prices updated October 22

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $2.010
Henry Hub, Erath, LA: $2.200
N. Border, Watford, ND: $1.810
N. Border, Ventura, IA: $2.155
Chicago Citygate: $2.100
NGPL Midcontinent: $1.745
Cheyenne Hub, CO: $1.955
Opal, SW Wyoming: $2.270
Malin, OR via N. Border$2.265

Spot prices updated October 22

U.S. Rig Count

851 as of 10/18/2019
-5 from 10/11/2019
-216 from 10/19/2018
(Courtesy Baker Hughes)
Oil Patch Hotline Special Report
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Halliburton confirmed that is laying off 650 employees at locations in North Dakota, Colorado, New Mexico, and Wyoming.

Company officials attributed the layoffs to “local market conditions”, and most of the affected employees were given the option to transfer to other Halliburton locations.

The Federal Energy Regulatory Commission gave final approval for the 70-mile Cheyenne Connector pipeline, which will transport natural gas from Colorado’s Denver-Julesberg Basin to Cheyenne, WY, with connections to the Tallgrass Energy Rockies Express Pipeline (REX)...
A group of companies including Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor, and Royal Dutch Shell has formed OOC Oil & Gas Blockchain Consortium and has contracted with Data Gumbo, which is based in Houston...
House For Sale
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...
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...
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...
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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Whiting Ray Gas Processing Plant
Whiting Petroleum is pushing forward to control flaring in Williams County, ND, where it has upgraded its gas processing plant near Ray to move 25 Mmcf a day. The newly-completed expansion cost $3.6 million, according to CFO Ray Stevens.
Harold Hamm, CEO of Continental Resources, the largest Williston Basin producer, said OPEC and U.S. shale producers should cut crude oil production and shipments into an oversupplied market...
A landowners group is challenging the legality of new North Dakota legislation which clarifies “pore space”, and has the backing of the ND Petroleum Council as well as several landowners and farm groups...
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...
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...
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...
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