Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $55.65
CO North Central: $51.02
Colorado Western: $49.49
ND Light Sweet: $49.60
WB Mixed Sweet: $49.55
N Wyo. / S Mont.: $49.52
Wyoming Sweet: $51.06

Spot prices updated December 6

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $2.275
Henry Hub, Erath, LA: $2.215
N. Border, Watford, ND: $1.825
N. Border, Ventura, IA: $2.100
Chicago Citygate: $2.155
NGPL Midcontinent: $1.445
Cheyenne Hub, CO: $1.850
NW Wyoming Pool: $2.555
Opal, SW Wyoming: $2.625
Malin, OR via N. Border$2.700

Spot prices updated December 6

U.S. Rig Count

799 as of 12/6/2019
-3 from 11/27/2019
-276 from 12/7/2018
(Courtesy Baker Hughes)
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A group of Missouri River mineral owners will be forced to wait longer for a payout from the state of North Dakota, as the state engineer dropped a last minute appeal with the ND Supreme Court, questioning the decision of Dist. Judge Paul W. Jacobson.

The appeal, filed by Deputy Atty. Gen. Jenifer L. Verleger, is contending that the district judge made a mistake in giving quiet title to the disputed property in Williams County in portions of sections 12 and 13, T153N-R102W...

Two Richland County tracts topped the high bidding at the Dec. 3 Montana state oil and gas lease sale, which brought in bonuses totaling $327,035 for leases on 33,473 acres in six counties.

Bids averaged $9.77 an acre at the sale, which was conducted by the Dept. of Natural Resources and Conservation...

Eight tracts in Williams County drew the highest bids—all from Northern Energy Corp. of Bismarck—as the Nov. 5 state oil and gas lease sale brought in total bonuses of $873,392, with bids averaging $92.45 an acre for leases on 9447 acres...
Preliminary research into 55 tank battery fires caused by lightning in the last five years revealed there is still uncertainty over whether certain tank materials are to blame...
House For Sale
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...
Because of the critical shortage of outbound crude oil pipelines in Canada, Enbridge, Inc. is proposing an expansion of its older Express Pipeline...
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.
ND Crude Exports
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...
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...
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...
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