| IN THE NEWS |
|
UPA maintains
a running archive of local media headlines affecting
Utah's oil and gas industry. View
Here |
|
UPCOMING EVENTS |
|
April 10, 2008
Uinta Basin Oil and Gas
Collaborative Group
9:00 a.m.
BLM - Vernal Field
Office
April 17, 2008
SPE Workshop - Gas and Oil
Developments in Utah
South Towne Expo Center
8:00
a.m. | |
|
The Utah Division of Oil,
Gas and Mining maintains the LiveData
Online Oil and Gas Information System. Through LiveData,
you can access well info, production info,
etc. |
| RIG
COUNT |
| April 4 |
38 |
| April 11 |
|
| April 18 |
|
| April 25 |
|
| |
|
| April Avg |
38 |
| |
|
| March Avg |
41 | |
| COMMODITY BENCHMARKS |
| Crude
Oil |
$105.48 |
| WTI -
$/bbl |
|
| |
|
| Natural
Gas |
$9.66 |
| Henry
Hub |
|
| $/MMbtu |
|
| (as of
4/4/08) | |
| MOTOR FUEL PRICES |
| AAA Fuel Gauge
Report |
| Utah Average |
| Regular |
$3.264 |
| Diesel |
$4.052 |
| National Average |
| Regular |
$3.303 |
| Diesel |
$4.023 |
| Utah Gas Prices.com |
| Utah Average |
| Regular |
$3.240 |
| National Average |
| Regular |
$3.314 |
| (as of
4/4/08) | | |
Uinta Basin Oil and Gas Collaborative
Group Meeting
The next Uinta Basin Oil and Gas Collaborative
Group meeting has been scheduled for Thursday, April 10,
2008. The meeting will be held from 9:00 a.m. to
12:00 p.m. at the Bureau of Land Management office
located at 170 S. 500 E. in Vernal.
The agenda will be as follows:
-
"What is USTAR - Mark D. Raymond
-
Review of recent report "Effects of
Saline-Wastewater Injection on Water Quality in
Altamont-Bluebell Oil and Gas Field" - U.S.
Geological Survey
-
Limited Round Robin
Discussion
UPA Comments on Oil Shale PEIS
UPA has submitted comments on BLM's Oil Shale-Tar
Sands Draft Programmatic Environmental Impact Statement
(PEIS). This document will be critical in the
future development of oil shale/tar sands resources in
Utah and other western states (Read
UPA Comments). UPA encourages members to
submit comments. BLM has extended the Comment
Period on the PEIS for an additional 30 days (read
notice).
New EPA Ozone Standard - Utah
"Prepared"
The U.S. Environmental Protection Agency
announced March 12 that it is reducing the allowable
amount of ozone from 80 parts per billion to 75 parts
per billion. Utah's Wasatch Front counties,
including Salt Lake, Davis, Weber, Utah, Box Elder and
Tooele will be most impacted. Many Utah areas have
complied with the old standard in recent years only due
to a liberal rounding convention allowed by EPA.
The new standard will likely prove difficult for Utah to
meet given our State's growth, economic vitality and
geography.
A recent Utah DEQ News Release stated that
"Ongoing actions by Utah environmental regulators,
industry, and the public are more critical than ever to
meet the new tougher ozone levels recently announced by
EPA". "We may look at tightening regulations for
gasoline stations, among other alternatives," said
Cheryl Heying, Director of the Utah Division of Air
Quality. "We have been expecting a new, tougher
ozone standard and will ensure all areas meet the
standard as soon as
possible." |
EPA to Issue ANPR on Greenhouse
Gases
The U.S. Environmental Protection Agency has
indicated its plans to issue an Advanced Notice of
Proposed Rulemaking on greenhouse gases sometime in the
early part of this year in response to last year's
Supreme Court decision in Massachusetts
v. EPA. EPA Administrator Stephen Johnson
outlined the Agency's intentions in a March
27 letter to Congressmen Henry Waxman and Tom Davis
of the Committee on Oversight and Government
Reform.
The action was immediately
denounced by Waxman, Chair of the Committee. "
This is a transparent delaying tactic and a major
reversal of EPA's position. In December,
Administrator Johnson found that CO2 emissions endanger
the environment and proposed new standards for motor
vehicles. Today's action repudiates those
efforts."
In his letter, Johnson explained that
as the agency was considering how best to respond to the
Supreme Court decision, Congress passed the Energy
Independence and Security Act of 2007, which President
Bush signed into law on December 19, 2007. EPA's
review "has made it clear that implementing the Supreme
Court's decision could affect many sources beyond just
the cars and trucks considered by the Court, including
schools, hospitals, factories, power plants, aircraft
and ships." "In fact, the agency currently has
many pending petitions, lawsuits, and deadlines that
must be viewed in light of the Supreme Court's
decision."
Johnson continues, "Such an approach
makes sense because, as the Act is structured, any
regulation of greenhouse gases - even from mobile
sources - could automatically result in other
regulations applying to stationary sources and extend to
small sources including many not previously regulated un
the Clean Air Act". Administrator Johnson
concluded that soliciting public input through the ANPR
is the best approach, because it will provide "the
appropriate care and attention this complex issue
demands."
SPE Workshop Scheduled
The Salt Lake Petroleum Section of the Society of
Petroleum Engineers (SPE) is sponsoring a one-day
workshop on recent exploration, development, and
petroleum revitalization activities in Utah. The
program is broad-based and topical. All proceeds
will go to the Salt Lake Petroleum Section's Richard E.
Wyman Scholarship program. The event will be held
April 17 at the South Towne Expo Center in Sandy. To
register, go to http://speutah2008update.eventbrite.com.
|
Lobbyist Report Due
All registered lobbyists are required to file a
quarterly financial report by Thursday, April 10.
The report must be filed even if no expenditures were
made. The requirement to file also applies to each
principal or government officer who made expenditures to
benefit public officials.
The easiest way to file your report is by using
the Lobbyist Online System at www.elections.utah.gov.
To obtain a password, call the Lt. Governor's Office at
(801) 538-1041. |
U.S. Gasoline Situation Update - April
3, 2008 (courtesy:
API)
The U.S. average price for regular grade gasoline
rose for the sixth time in the last seven weeks,
according to the Energy Information Administration
(EIA), reaching its third record price in the last four
weeks. For the week ending March 31, the weekly
average price rose 3.1 cents (1.0 percent) to a record
nominal price of $3.290 per gallon - above the 2007
record set on May 21, 2007, by 7.2 cents. The
current price was above a year ago for the 31st
consecutive week, up 58.3 cents (21.5 percent) - the
smallest year-over-year difference since October
15. Prices were higher throughout the US this
week, the Midwest posting the largest increase this
week, up 5.7 cents, followed by: the Gulf Coast (4.0
cents), the Rocky Mountain region (3.4 cents), the East
Coast (1.5 cents), and the West Coast (0.6
cent). | |