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The 2024 Third Quarter Report to the Commission is included as an attachment to this update. Please feel free to reach out to me or James Thum if you have any questions.
The OGCC website is undergoing some updates to help improve accessibility. The changes are expected to be mostly visual and the content and layout should remain the same. The updated website is expected to be pushed out during January 2025. If you experience any issues with the new launch, please let me or James Thum know.
The published in the Administrative Bulletin this past Wednesday. This will be submitted to the Senate Resources and Environment Committee and the House Resources and Conservation Committee in the 2025 Legislature. 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/
October production numbers submitted this week by Snake River Oil & Gas indicate a slight uptick in production volumes from September to 3 million cubic feet of gas per day (MMCFGD) and 61 barrels of condensate per day (BCPD). Production is occurring from six wells – five in Harmon Field, one in Willow Field. An October inspection indicates no construction activity has commenced on the DJS Properties #2-14 Class II injection well. EPA Region 10 has extended the permit expiration date to December 19, 2026.
Trump energy policy:
Canadian oil patch has $24B shield against Trump tariffs - Bloomberg
Energy and Politics:
House Republicans question DOE ban on LNG exports - The Center Square
Update on I-2066:
Both sides prepare for legal battle over Washington voter Initiative 2066 on natural gas – The Center Square
Oil Price Report:
Oil edges lower while OPEC+ delays supply hike - Bloomberg
NW Natural Gas (EIA) $3.51 / million Btu 12/5/2024
(456% / $2.74 increase since previous month)
NGL (EIA) $6.33 / million Btu 10/31/2024
(4.5% / $0.30 decrease since previous month)
WTI $68.81 / bbl 12/5/2024
(5.3% / $3.88 decrease since previous month)
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