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, July 25.

Current Items:
OGCC Regular Meeting
Application for Permit to Drill
Monthly Reports
News Article(s) of Interest
Current Prices

OGCC Regular Meeting
The next OGCC Regular Meeting will be held on Wednesday, August 5, 2020. The meeting will begin at 1:00pm (MT). More details can be found on the Commission Meetings page of the OGCC Website.

Application for Permit to Drill
The Department received an application for permit to drill submitted by Snake River Oil & Gas, LLC for a proposed Barlow #2-14 well. The application can be found on the Well Permit Applications page of the OGCC Website. The Department is accepting public comment on the application through August 5th.

Monthly Reports
The May monthly production and transportation reports have been posted on the Monthly & Annual Reports page of the OGCC Website.

News Article(s) of Interest
EIA: US petroleum demand to fully recover in 2021
https://www.eia.gov/todayinenergy/detail.php?id=44417

Federal Oil & Gas royalties down 50% – two billion USD – as a result of the COVID-19 response
https://www.argusmedia.com/en/news/2124781-us-energy-royalties-drop-2bn-during-pandemic

Oregon Land Use Board of Appeals reverses city decision to allow dredging for LNG port
https://www.kdrv.com/content/news/Oregon-agency-delivers-setback-to-Jordan-Cove-terminal-project-571854201.html

Current Prices

Utah Sweet Crude $31.77 bbl. 7/09
WTI $41.24 bbl. 7/24
Natural Gas $1.68 mcf. 7/22
NGL $4.67 mmbtu. 7/22