|
The 2024 Fourth Quarter Report to the Commission is included here. Please feel free to reach out to me or James Thum if you have any questions.
The Commission will hold its first regular meeting of 2025 on Tuesday, February 18, at 1:30pm (MT). This meeting will be held at Boise City Hall, 3rd Floor, 150 N. Capitol Blvd. Boise, due to the Legislature being in session at the Capitol. More information can be found on the Commission Meetings webpage.
The 2025 Legislature convened on January 6, 2025. The oil and gas rules were submitted to the Senate Resources and Environment Committee and the House Resources and Conservation Committee. More information on the details of the meetings, rulemaking, and documents are posted on the rulemaking webpage.
December 2024 production reports submitted by Snake River Oil & Gas show production volumes increasing significantly from the previous month. Daily gas production averaged 5.9 million cubic feet of gas per day (MMCFGD) and 96 barrels of condensate per day (BCPD) from five wells, all in the Harmon Field near Fruitland. Daily natural gas liquids (NGLs) from the Highway 30 plant also increased to an average of 3,597 gallons per day. In response to a request from Snake River to extend the Inactive status of the ML Investments #1-11 well in Willow Field, the Department granted an extension to December 19, 2026, to coincide with the expiration of the Class II injection permit for the DJS #2-14. This permit was extended by EPA Region 10 in August 2024.
Geothermal finds favor in new energy policies
OPEC+ plan puts downward pressure on US producers
Chris Wright confirmed as new energy secretary
NW Natural Gas (EIA) $2.43 / million Btu 2/6/2025
(16% / $0.33 increase since previous month)
NGL (EIA) $7.09 / million Btu 11/30/2024
(1.6% / $0.12 decrease since previous month)
WTI $71.39 / bbl 12/5/2024
(4.3% / $3.24 decrease since previous month)
|
