Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $48.56
CO North Central: $45.09
Colorado Western: $42.40
ND Light Sweet: $41.73
WB Mixed Sweet: $38.06
N Wyo. / S Mont.: $38.81
Wyoming Sweet: $40.35

Spot prices updated Jan. 15

Daily Cash Market
Spot Natural Gas Prices

US Spot Gas Average: $3.730
Henry Hub, Erath, LA: $3.515
N. Border, Watford, ND: $2.125
N. Border, Ventura, IA: $3.375
Chicago Citygate: $3.295
NGPL Midcontinent: $3.170
Cheyenne Hub, CO: $3.345
K. Morgan / CIG, WY: $3.850
Opal, SW Wyoming: $4.205

Spot prices updated Jan. 15

U.S. Rig Count

1075 as of 1/11/2019
+0 from 1/4/2019
+136 from 1/12/2018
(Courtesy Baker Hughes)
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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.

When completed in 2021, the port will be able to load more than 2 million barrels at a time...

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...
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...
House For Sale
Missouri River acreage in Dunn County pulled high bidding totaling $1.9 million, with the highest bid of $6,000 posted for 15 acres at the Nov. 6 North Dakota oil and gas lease state sale...
Minor modifications of requirements to disclose the composition of chemicals used in hydraulic fracturing were approved by the Montana Board of Oil and Gas Conservation...
On the heels of completing a gas plant in McKenzie County, ND, ONEOK Inc. is building a companion gas plant at a cost of $410 million. The new plant is scheduled to come on line in the first quarter of 2020...
The ND Industrial Commission gave the okay in August for two unusual drilling units that will cross the North Dakota-Montana state line and will cover 1,021 acres...
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 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...
QEP Resources, Inc. of Denver sold its Williston Basin assets to Vantage Acquisition Operating Company LLC, also of Denver, for $1.725 billion in cash and common stock...
Marathon NGL Processing Plant
Colorado contractor TIC is expanding the fractionation unit of Marathon Petroleum’s newly acquired natural gas processing plant at Belfield, ND, to increase its capacity to 20,000 BPD. The plant is being fed rich NGLs from Oasis Petroleum wells in McKenzie County, delivered by what was originally called the Bakken Link line. Originally built by Whiting Petroleum Corp. in 2012, the gas processing plant was later acquired by Andeavor Petroleum, which recently included it in the sale of its North Dakota assets to Marathon.
Efforts by environmental groups to put the Meridian Energy Group refinery at Belfield under the jurisdiction of the ND Public Service Commission were thwarted by an administrative law judge...
The U.S. Bureau of Land Management has given final approval of the environmental impact statement on a 3,500-gas well project proposed by Jonah Energy in Wyoming’s Powder River Basin...
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