Serving The Bakken And Beyond
Latest Prices

Latest Prices

Upper Rocky Mountain
Spot Crude Oil Prices

WTI and N. Texas: $66.91
CO North Central: $64.94
Colorado Western: $60.13
ND Light Sweet: $65.88
WB Mixed Sweet: $62.21
N Wyo. / S Mont.: $63.36
Wyoming Sweet: $65.00

Spot prices updated July 20

Daily Cash Market
Spot Natural Gas Prices

Henry Hub, Erath, LA: $2.76
N. Border, Watford, ND: $2.34
Chicago Citygate: $2.64
Opal, SW Wyoming: $2.47

Spot prices updated July 20

U.S. Rig Count

1046 as of 7/20/2018
-8 from 7/13/2018
+96 from 7/21/2017
(Courtesy Baker Hughes)
General Equipment - Help Wanted
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NOG Buys More Williston Basin Assets

Northern Oil and Gas, Inc. is paying $68.4 million in cash and 25.75 million shares of common stock for North Dakota wells producing 4,100 BOPD from Pivotal Petroleum Partners.

The location and number of wells were not identified.

The agreement contains a mechanism for potential additional consideration to be paid during the 13-month lock-up period if Northern’s common stock trades below certain price targets.

NOG expects the newly acquired wells will generate $56 million over the next 12 months.

“This transaction in the core of the Williston Basin is transformative for Northern, with both strong free cash flow and a high rate of return,” said NOG president Mike Reger.

Despite protests, the Minnesota Public Utilities Commission gave the go-ahead to Enbridge to replace its existing crude oil feeder pipeline coming from Canada to St. Paul refineries...
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...
House For Sale
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...
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.
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Williston Basin API award
The Remax Bakken Realty golf team was the winner, for the third year in a row, posting a low score of 57 at the Williston API Golf Tournament. Shown here, from left to right, are: Bill Murphy; Mitzi Bestall; Nick Hacker; Ken Callahan, president of API, presenting the award; Jason Schmidt; and Keith Bestall. A record number of golfers, 600, participated in the event, with over 100 teams competing for various prizes.
Empire Oil Co. of Williston grabbed the high bid at $600 an acre in Richland County, at the Montana state oil and gas lease sale on June 5, which brought in $470,980 with bids averaging $27/acre for leases covering 17,039 acres in six counties...
New wells in the Keene area of the Williston Basin are providing an oil bonanza for Hess Corporation as its first quarter production in the Bakken soared 12% to 111,000 BOEPD from 99,000 BOEPD for the same quarter in 2017...
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...
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