Shannon Chollett

Division Administrator – Minerals, Navigable Waters, and Oil & Gas

Secretary to the Oil & Gas Conservation Commission

This update was sent to the Commission on Friday, September 6, 2024.

Current Items:
August OGCC regular meeting cancelled and rescheduled
IDAPA 20.07.02 Rulemaking Update
Docket No. CC-2024-OGR-01-002, Application for Integration
2024 Second Quarter Commission Report
Field Status / Injection Well Update
News Article(s) of Interest
Current Prices

August OGCC regular meeting cancelled and rescheduled
The third regular meeting of the OGCC was cancelled due to not having a quorum. A regular meeting to reschedule that will now be held on Wednesday October 2, 2024 at 1:30pm (MT). The meeting will be held at the State Capitol, House Hearing Room, (EW42), Lower Level, East Wing, 700 W. Jefferson Street, Boise Idaho. More information will be available on the OGCC website on the Commission Meetings page at https://ogcc.idaho.gov/commission-meetings/

IDAPA 20.07.02 Rulemaking Update
The Notice of Proposed Rulemaking was published in the Administrative Bulletin on Wednesday, August 7, 2024. The public hearing on the proposed rule was held on August 15th and the written comment period ended August 28th. No oral or written comments were received. The Pending Rule will be presented to the OGCC at the October 2, 2024 regular meeting. More information on the details of the meetings, rulemaking, and documents are posted on the rulemaking webpage at: https://ogcc.idaho.gov/rulemaking/docket-20-0702-2401-oil-gas/

Docket No. CC-2024-OGR-01-002, Application for Integration
On August 23, 2024, Snake River Oil and Gas, LLC filed an Application for Integration with the Department in the Harmon Field area. Information regarding this application can be found on the hearing page at https://ogcc.idaho.gov/administrative-hearings/docket-no-cc-2024-ogr-01-002-application-for-integration/

2024 Second Quarter Commission Report
The 2024 Second Quarter Commission Report is included as an attachment to the Secretary Update. Please feel free to reach out to me if you have any questions.

Field Status / Injection Well Update
The Class II injection well permit issued by EPA Region 10 took effect December 19, 2022. On August 19, 2024 Snake River Oil & Gas LLC applied for a two-year extension on the permit, citing low gas prices and a resulting curtailment of production as reducing the need for an injection well since the time the permit was granted. The permit is set to expire December 19, 2024.

The Malheur Ventures Wilcox #1-14, drilled in Malheur County, Oregon fifteen miles west of Harmon Field is reported to have been plugged and abandoned after reaching a total depth of around 4000 feet. No other information is available at this time.

News Article(s) of Interest
Alaska Oil, Gas Rule Draws Lawsuit Alleging Agency Overreach: https://news.bloomberglaw.com/litigation/rule-limiting-alaska-oil-gas-development-targeted-in-new-suit
Oil Markets on a Rollercoaster Ride: https://www.rigzone.com/news/oil_markets_have_been_on_a_rollercoaster_ride-05-sep-2024-178003-article/
Texas Oil and Gas Production Reaches Record in July: https://www.thecentersquare.com/texas/article_0ac5a9c6-6005-11ef-8956-8bccc8275a3b.html
Lawsuit Seeks to Stop Federal Rule on Oil, Gas Exploration: https://www.thecentersquare.com/national/article_ff39d93e-660c-11ef-8fca-f779664f33c0.html
US Oil and Gas Industry Continues to Reduce Methane Emissions: https://www.thecentersquare.com/national/article_2033f3b4-6652-11ef-9536-fb89eb3ea71d.html

Current Prices

NW Natural Gas (EIA)	$1.38 / million Btu	9/5/2024	(32.7% / $0.34 increase since previous month)
NGL (EIA)	$6.80 / million Btu	6/30/2024	(2.4% / $0.16 increase since previous month)
WTI	$70.11 / bbl	9/5/2024	(8.5% / $6.57 decrease since previous month)