Serving The Bakken And Beyond
williston basic petroleum conference 2020
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $49.83
CO North Central: $42.90
Colorado Western: $43.67
ND Light Sweet: $41.93
WB Mixed Sweet: $43.15
N Wyo. / S Mont.: $43.11
Wyoming Sweet: $44.65

Spot prices updated February 21

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $1.705
Henry Hub, Erath, LA: $1.915
N. Border, Watford, ND: $1.525
N. Border, Ventura, IA: $1.685
Chicago Citygate: $1.750
NGPL Midcontinent: $1.605
NW Wyoming Pool: $1.705
Opal, SW Wyoming: $1.730
Malin, OR via N. Border$1.785

Spot prices updated February 21

U.S. Rig Count

791 as of 2/21/2020
1 from 2/14/2020
-256 from 2/22/2019
(Courtesy Baker Hughes)
Oil Patch Hotline Special Report
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Outrage from the oil industry erupted after a letter sent out by the ND state land commissioner demanded payment for past underpaid royalties plus penalties and interest following a closed meeting of the ND Board of University and School Lands.

“This is not the way we conduct business in North Dakota,” said Ron Ness, president of the ND Petroleum Council.

Frustrated by the fact that a contractor has not been hired yet to tabulate monthly oil production statistics from operators, it could be as long as another two to four months before the Montana Board of Oil and Gas Conservation can provide that information...
Hess Corporation will spend $1.375 billion to fund a six rig program in the Williston Basin this year to drill 170 new wells and complete 175...
TC Energy Corp. said it will start construction in April on the 1.2 mile section of Keystone XL crude oil pipeline that crosses the Canadian border into Monday and will also implement pre-construction work in February on the US section of the pipeline...
Construction is expected to start by May on a proposed 250 Mmcf a day natural gas processing plant on a site near the Montana-North Dakota Border and be in operation by the end of the year...
Cody Exploration LLC of Bismarck was the highest bidder, paying $331 an acre for a 150-acre tract in Williams County, at the Dec. 18 Bureau of Land Management oil and gas lease sale, which pulled in total bonuses of $171,639 for leases on 18,788 acres in North Dakota and Montana...
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...
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...
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...
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...
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
Courtesy of ND Pipeline Authority
Because of the critical shortage of outbound crude oil pipelines in Canada, Enbridge, Inc. is proposing an expansion of its older Express Pipeline...
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...
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