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, October 3.

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

Application for Permit to Drill
On September 25, 2020, the Department received a request to reconsider the denial of the Barlow #2-14 application for permit to drill. This appeal will go before the Commission on October 20. The appeal and other information can be found on the Well Permit Applications page.

OGCC Regular Meeting
The November 4th Regular OGCC meeting has been rescheduled to October 20 in order to meet the deadline to present the appeal within 30 days of receiving it. More details on the meeting will be posted on the Commission Meetings page as it is available.

Omnibus Rulemaking
The Department held a public hearing on IDAPA 20, Rules of the Idaho Department of Lands on September 30, 2020. No public comments were received on these rules. The Notice of Adoption of Pending Rule for IDAPA 20.07.02, Rules Governing Conservation on Oil and Natural Gas in the state of Idaho, will be presented to the OGCC at the October 20 meeting.

News Article(s) of Interest
Idaho’s Nascent Natural Gas, Oil Industry Said Interrupted by U.S. Economic Downturn
https://www.naturalgasintel.com/idahos-nascent-natural-gas-oil-industry-said-interrupted-by-u-s-economic-downturn/

BP says oil is on the ropes. (see attached E&E BP oil)

U.S. Drilling sinks to 122 year low with additional decreases possible. (see attached World Oil outlook)

Current Prices
(Colors indicate spot price change since last update. Green indicates increase. Red indicates decrease.)

Utah Sweet Crude	$29.42 bbl.	10/01/20
WTI	$37.01 bbl.	10/02/20
Natural Gas	$2.44 mmbtu.	10/02/20
NGL	$4.80 mmbtu.	9/30/20