Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $53.69
CO North Central: $49.06
Colorado Western: $47.53
ND Light Sweet: $46.66
WB Mixed Sweet: $47.19
N Wyo. / S Mont.: $46.99
Wyoming Sweet: $48.53

Spot prices updated November 8

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $2.560
Henry Hub, Erath, LA: $2.820
N. Border, Watford, ND: $2.430
N. Border, Ventura, IA: $2.725
Chicago Citygate: $2.710
NGPL Midcontinent: $1.615
Cheyenne Hub, CO: $2.325
Opal, SW Wyoming: $2.540
Malin, OR via N. Border$2.590

Spot prices updated November 8

U.S. Rig Count

817 as of 11/8/2019
-5 from 11/1/2019
-264 from 11/9/2018
(Courtesy Baker Hughes)
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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.

An 80-acre tract in Sec. 34, T158N-R96W posted the highest bid of $663/acre from Northern, followed by a $521/acre bid for 80 acres in Sec. 27, T158N-R96W.

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...
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)...
House For Sale
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...
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...
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.
The North Dakota Industrial Commission has scheduled a public hearing on Nov. 15 in Bismarck, for new regulations of natural gas gathering contracts. The purpose of the regulations is to avoid fewer service interruptions on gathering lines...
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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