OGCC Secretary Update

Mick Thomas

Division Administrator – Minerals, Public Trust, and Oil & Gas

Secretary to the Oil & Gas Conservation Commission

This update was sent to the Commission on Saturday, May 30.

Current Items:
Interstate Oil & Gas Compact Commission Business Meeting
Spacing Application Received
IDL Offices now open
Quarterly Report (Q1) 2020
News Article(s) of Interest
Current Prices

IOGCC Business Meeting
Due to the COVID-19 response, the IOGCC annual business meeting was canceled in early May and has been rescheduled for June 29 – June 21 using a virtual format. This enables the material and discussion to reach a far broader audience and will provide greater flexibility for attendees. As chairman of the Council of Regulatory Officials (CRO) I’m working regularly with IOGCC staff to coordinate the agenda and test meeting delivery options. If you would like to see the agenda or participate virtually please let me know, or visit http://iogcc.ok.gov/Default.aspx?shortcut=events. Attendance is free since we are a member state.

Spacing Application Received
On Tuesday, May 26, 2020, the Department received an application from Snake River Oil & Gas, LLC for a spacing order consisting of the SE ¼ of Section 10, the SW ¼ of Section 11, the NW ¼ of Section 14, and the NE ¼ of Section 15, Township 8 North, Range 5 West, Boise Meridian, Payette County, Idaho.
The application and other supplemental information are posted to the OGCC Website on the Administrative Hearings page under Docket No. CC-2020-OGR-01-002.
Note: as of this email the multiple state websites including the Commission and the IDL pages are not functioning. Please check back at a later time. I.T. may have the problems resolved soon.

Some IDL offices now open
As the state moves out of the COVID-19 response some IDL offices have reopened to the public. The Idaho Division of Human Resources is providing guidance to agencies on reopening protocols. Each agency will provide a complete reopening plan to the Governor’s office and Idaho DHR before June 13th. We hope that all IDL offices will be back to full staff by the end of June. More information can be found at the DHR website: https://dhr.idaho.gov/wp-content/uploads/2020/COVID-19/ReturnToWorkandStayHealthy5.21.20.pdf

Quarterly Report (Q1) 2020
Field activity continues to be impacted by commodity prices.

News Article(s) of Interest
Alta Mesa Liquidation Plan Approved
https://news.bloomberglaw.com/bankruptcy-law/end-to-alta-mesa-bankruptcy-begins-as-liquidation-plan-approved

Oversupply of hydrocarbon liquids could decrease this summer:
https://www.reuters.com/article/global-oil-kemp/rpt-column-recovering-oil-demand-could-drive-market-into-deficit-by-july-kemp-idUSL8N2CX4ZE

Current Prices

Utah Sweet Crude $23.51 bbl. 5/29
WTI $35.19 bbl. 5/29
Natural Gas $1.85 mcf. 5/29
NGL $4.36 mmbtu. 5/27