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 Friday, August 21.

Current Items:
Class II Application
Application for Permit to Drill
Monthly Reports
News Article(s) of Interest
Current Prices

Class II Application
Snake River Oil and Gas provided additional information regarding their Class II application to the EPA on August 7th. Based on the timeline discussed this summer the EPA could have their review completed by late fall with a comment period this winter. Potential approval in the spring of 2021.

Application for Permit to Drill
The Department is nearly finished with the review of the Barlow 2-14 well application. Recommendations are being drafted and will be discussed next week.
The application can be found on the Commission website at: https://ogcc.idaho.gov/well-permit-applications/

Monthly Reports
In light of a dip in commodity prices and transportation cost production tapered off in FY2020. Below are the produced volumes:

Date Gas (MCF) Condensate (BBL) Oil (BBL)
2019-07 91,728 2,019 0
2019-08 98,488 1,577 0
2019-09 75,874 1,381 0
2019-10 80,229 1,620 0
2019-11 69,801 1,311 0
2019-12 36,158 413 0
2020-01 21,960 266 0
2020-02 14,848 269 0
2020-03 14,203 237 0
2020-04 0 0 0
2020-05 0 0 0
2020-06 0 0 0

 

News Article(s) of Interest
2020 Great American Outdoors Act signed into law by President Trump enhances funding for national parks and monuments. The GAOA was co-sponsored by Idaho Representative Mike Simpson and received praise from the Idaho Conservation League:
https://www.kivitv.com/news/president-trump-signs-great-american-outdoors-act-into-law

The GAOA is funded by offshore oil and gas royalties:
https://www.oedigital.com/news/480709-trump-signs-law-to-fund-public-land-maintenance-with-offshore-oil-and-gas-royalties?utm_source=AOGDigital-ENews-2020-08-05&utm_medium=email&utm_campaign=OEGDigital-ENews

Oregon: Facebook stirs anger, abandons drilling gear on Oregon coast
https://martinsvillebulletin.com/news/national/facebook-stirs-anger-abandons-drilling-gear-on-oregon-coast/article_ec7be328-02e8-5409-90ec-5a54fdaa4b95.html

Current Prices

Utah Sweet Crude $33.28 bbl. 8/20
WTI $42.27 bbl. 8/20
Natural Gas $2.36 mmbtu. 8/20
NGL $5.18 mmbtu. 8/20