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 Thursday, July 8.

July 2021 Secretary Update

Current Items:
August OGCC meeting
Field Status
Injection Well Update
News Article(s) of Interest
Current Prices

August OGCC Meeting
The next regularly scheduled meeting of the OGCC is scheduled for Wednesday, August 4, 2021 @ 1:00pm (MT). More information can be found on the Commission Meetings page on the OGCC website. https://ogcc.idaho.gov/commission-meetings/

Field Status
Annual fall inspections will be scheduled in September/October to take advantage of cooler temperatures. The operator continues to provide timely production reports to the Department. The latest reports are available on the OGCC website.
https://ogcc.idaho.gov/monthly-and-annual-reports/

Injection Well Update
The operator continues to work with the EPA to meet permit requirements. The Commission and the Department are ready to offer information to parties if requested.
Most recently the EPA notified the operator that they will coordinate with the State Historical Preservation Office in Idaho to determine if there are potential effects to consider.

News Article(s) of Interest
US LNG – A world of benefits beyond price
https://www.forbes.com/sites/thebakersinstitute/2021/06/24/us-lng-a-world-of-benefits-beyond-price/?sh=557f81a51e9c

Federal judge blocks Biden’s pause on new oil, gas leases
https://www.heraldextra.com/news/state-and-regional/federal-judge-blocks-bidens-pause-on-new-oil-gas-leases/article_13caba10-de70-5755-82e2-148db8c71ddd.html

Current Prices

Utah Sweet Crude $62.90 bbl. 07/08/21
WTI $73.23 bbl. 07/08/21
Natural Gas $3.60 mmbtu. 07/07/21
NGL $9.37 mmbtu. 07/07/21

(green indicates prices increase since last update, red indicates decline)