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, September 5.

Current Items:
FY2020 4th Quarter Update (April-June 2020)
Application for Permit to Drill
News Article(s) of Interest
Current Prices

FY2020 4th Quarter Update (April-June 2020)
April through June 2020 saw zero production in Idaho. The field remains shut in as a result of low prices, limited infrastructure, and high water disposal costs.
See 2020Q2 Attachment.

Application for Permit to Drill
The Department has completed the review for the Barlow #2-14 application for permit to drill. The Department provided our findings to the AG’s office for review and will respond to the applicant soon. Once the decision is sent to the applicant the response will be posted on the Well Permit Applications page of the OGCC Website.

News Article(s) of Interest
US oil production rebounded in June – driving prices down this summer.
https://www.reuters.com/article/us-usa-oil-output/u-s-oil-production-rose-to-10-4-million-bpd-in-june-eia-idUSKBN25R2AS

Colorado Oil & Gas Commission weighs historic changes to energy rules.
See E&E CO energy rules attachment.

Current Prices

Utah Sweet Crude	$32.21 bbl.	9/4
WTI	$39.42 bbl.	9/4
Natural Gas	$2.19 mmbtu.	9/2
NGL	$5.11 mmbtu.	9/2