One Well Coming Off The Confidential List, DWAC Soars -- October 22, 2021

Happy days are here again: Dems back off on corporate tax rate hike. Thank you Sen Sinema, (D) Arizona -- a DINO?

DWAC: $10 --> $50 --> $75 overnight --> $95 pre-market. 

WTI: $83.04

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Let's Go, Bakken

Active rigs:

$83.04	10/22/2021	10/22/2020	10/22/2019	10/22/2018	10/22/2017
Active Rigs	29	14	61	71	54

One well coming off confidential list  -- Friday, October 22, 2021: 16 for the month, 16 for the quarter, 239 for the year:

• 38193, conf, Ovintiv, Rolfsrud 152-96-29-32-7HLW, Westberg

Early production, #38193: 

Date	Oil Runs	MCF Sold
8-2021	20823	44816

RBN Energy: Air Products' plan to make hydrogen so blue it's almost green. 

None of us knows with any certainty how big a role hydrogen will ultimately play in helping the U.S. and the rest of the world decarbonize. Sure, some true believers are convinced H₂ is the next big thing, but even they must acknowledge the economic and other challenges associated with scaling up the production of “green” or “blue” hydrogen. Do we really want to devote the energy from thousands of wind turbines or many square miles of solar panels to produce relatively small volumes of green H₂ from water via electrolysis? And is blue hydrogen — produced by breaking natural gas into hydrogen and carbon dioxide, then capturing and sequestering the CO₂ — really a solution considering efficiency losses and the fact that only about 50% of the CO₂ from steam methane reforming (SMR) units is actually snared? Which brings us to Air Products & Chemicals’ newly announced final investment decision (FID) on a $4.5 billion complex in Louisiana that will use a proprietary process — and not SMR — to produce what you might call deep-blue hydrogen and capture and sequester 95% of the resulting CO₂. In today’s RBN blog, we discuss the project and its implications.