Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $64.83
CO North Central: $62.63
Colorado Western: $53.67
ND Light Sweet: $60.26
WB Mixed Sweet: $61.19
N Wyo. / S Mont.: $60.58
Wyoming Sweet: $62.22

Spot prices updated April 20

Daily Cash Market
Spot Natural Gas Prices

Henry Hub, Erath, LA: $2.72
Chicago Citygate: $2.54
Opal, SW Wyoming: $1.80

Spot prices updated April 20

U.S. Rig Count

1013 as of 4/20/2018
+5 from 4/13/2017
+156 from 4/21/2017
(Courtesy Baker Hughes)
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Ron Ness, ND Petroleum Council

Efforts by Interior Secretary Ryan Zinke to rescind a last-minute regulation by the Obama administration, which imposed pages of venting and flaring regulations on oil and gas producers, was lauded by Ron Ness, president of the ND Petroleum Council.

“The oil and gas industry is fully supportive of capturing more natural gas, but this rule targeted North Dakota and the Bakken with a duplicative, burdensome, and costly paperwork that provided zero net benefit beyond what the state had already implemented a year or two prior,” Ness said...

Energy Transfer Launches Dakota Access Open Season
Energy Transfer Partners LP launched a binding open season to solicit shipper support for its Dakota Access Pipeline system and storage terminals.
The 1,915-mile, mostly 30-inch pipeline system moves crude oil from the Bakken/Three Forks production areas in North Dakota to a storage and terminal hub outside Patoka, Illinois, and/or south to additional terminals in Nederland, Texas.
Bona fide potential shippers that desire to receive copies of the open season documents are required to execute a confidentiality agreement, and may direct their requests for a confidentiality agreement to the following e-mail address: dlDA_ETCO@energytransfer.com.
ONEOK Bear Creek Gas Processing Plant
ONEOK Rockies Midstream asked the ND Public Service Commission for aprroval to expand its Bear Creek gas processing plant in Dunn County.
House For Sale
Kraken Oil and Gas of Houston, a new independent in the Williston Basin, is making a steady commitment to continuous horizontal well drilling in eastern Montana, joining three other operators in a surge of new activity...
Contending that Irish Oil & Gas, Inc. of Bismarck, ND refused to pay its share of the drilling costs in more than a dozen North Dakota wells, Crescent Point Energy wants the ND Industrial Commission to arbitrate the dispute...
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.
XTO Energy, Inc. agreed to pay a $320,000 fine and install vapor control system improvements on its oil and gas storage tanks on the Fort Berthold Reservation, as part of a settlement with the U.S. Environmental Protection Agency and Dept. of Justice over violations of the Clean Air Act...
ONEOK Inc. anticipates connecting 650 new wells in the Williston Basin and mid-continent this year, a 20% increase over 2018 as it disclosed that its natural gas processing fee was increased ten cents to 86 cents per MMBtu...
In mid-February, the ND Public Service Commission was asked to approve the expansion of two natural gas processing plants at a cost of $386 million. Both projects had previously been announced, as the state gears up for the construction of another two plants...
Strong shipper support with 20-year commitments to move 500,000 barrels of crude oil per day has been received by TransCanada Corp. for its proposed $8 billion Keystone XL Pipeline...
Citing profits and accelerated production from Williston Basin wells, Continental Resources reported bigger cash payouts, with new wells having an estimated ultimate recovery averaging 1.1 million BOE. Bakken production increased 14% over the second quarter to 136,851 BOEPD...
Bradley J. Holly, 46, an Anadarko Petroleum executive, was named president and CEO of Whiting Petroleum Corp. at the beginning of November, succeeding James Volker, who is retiring. Whiting is the largest producer in the Williston Basin, with a production of 112,000 BOEPD...
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