No Wells Coming Off Confidential List -- December 14, 2021

Reminder: NDSU, SDSU, Montana State and some other team in the semifinals this Friday, Saturday for college football championship. 

Rumor: New Zealand to market combo pack just in time for Christmas -- the new Pfizer capsule along with Viagra. My hunch: they throw in a Trojan for marketing. 

Speaking of dividends: yesterday we noted UNP and TRN raised their dividends. It must have been a big story. See Zacks and here. 

Solar power: California re-thinking rooftop solar panel subsidies. Consider the source. 

Contrary view: oil patch supply will catch up with demand in 2022 -- S&P Global Platts -- link to Charles Kennedy -- one of the better columnists.

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Back to the Bakken

Active rigs:

$71.56	12/14/2021	12/14/2020	12/14/2019	12/14/2018	12/14/2017
Active Rigs	32	15	53	67	52

No wells coming off confidential list.

RBN Energy: new Vopak Moda Houston terminal anticipates growing role for ammonia. Archived.

There’s been a lot of talk lately about “green” and “blue” hydrogen becoming increasingly important players in the world’s lower-carbon energy future. Green and blue ammonia too, given that ammonia, with its high hydrogen content, is an efficient “carrier” of hydrogen when it needs to be delivered by ship, railcar, or truck. Also, ammonia itself — like hydrogen — can be used to power fuel cells and ammonia-combustion technology is being developed to use fuel ammonia at power plants.

But for these low- or zero-carbon energy products to be adopted at a global scale, new infrastructure will need to be built, not only to enable their production and consumption but to transport them to where they’ll be consumed. Enter the just-finished ammonia terminal that Royal Vopak and Moda Midstream jointly developed at a prime site along the Houston Ship Channel. In today’s RBN blog, we discuss the greenfield facility and its prospective role as a major import/export hub for ammonia.

Global decarbonization has become a frequent topic in our blogs. It’s not that we think crude oil, natural gas, and NGLs will be fading from view anytime soon — or in our lifetime, for that matter. But we acknowledge the pressure to reduce greenhouse gas (GHG) emissions as quickly as possible, and we believe that while the energy industry — all of it, from producers and midstreamers to refiners and power producers — will need to undergo a major transformation, change presents opportunity and if we’re smart we’ll recognize it and grab it.