One difference regarding the energy crisis: in the 1970s: plenty of oil, but OPEC embargoed it; now there's a question of whether there is plenty of oil at any price? Link here. Daniel Yergen wrote the bible with regard to the history of oil: The Prize: The Epic Quest of Oil, Money, and Power, c. 1990.
Canada, maxed out: Canadian minister says Canada's oil can't solve Russian supply problem. Canada's export capacity is "pretty much maxed out." Link here. World's fourth-largest producer lacks pipelines to coasts.
$185: JPMorgan says $185-oil in view. Fortunately that's Brent. WTI will come in about $4 less / bbl. Link to Rizgone.
Everything's bigger in Texas: world's largest green hydrogen hub to be built in south Texas. Link to Hart Energy. Here's the press release.
Promoter: Green Hydrogen International will create Hydrogen City, Texas: a massive, world-class undertaking that will put Texas on the map as a leading green hydrogen producer. Memo to self: check in on North Dakota - Mitsubishi project.
- Other data points:
- when complete, capacity to grow to 60GW in size and producing over 2.5 billion kilograms of green hydrogen per year;
- the hydrogen storage facility in the Piedras Pinitas Salt Dome in Duval County
- pipe the green hydrogen to Corpus Christi and Brownsville
- will be converted into green ammonia, sustainable aviation fuel, or delivered to directly to hydrogen power plants around the state;
- project to be powered by 60GW solar and wind power with additional energy drawn from the ERCOT grid during periods of low prices;
****************************
Back to the Bakken
Active rigs:
$108.50 | 3/3/2022 | 03/03/2021 | 03/03/2020 | 03/03/2019 | 03/03/2018 |
---|---|---|---|---|---|
Active Rigs | 31 | 15 | 50 | 67 | 59 |
No new permits.
Eight permits renewed:
- NP Resources (4): four Mosser Federal permits in Billings County;
- SHD Oil & Gas (3): three Buffalo permits in McLean County;
- EOG: one Hardscrabble permit in Williams County;
Two producing wells (DUCs) reported as completed:
- 38075, 389, Slawson, Muskrat Federal 6-28-33TFH, Big Bend, minimal production,
- 38251, 1,619, CLR, Kukla 8-16HSL, Chimney Butte, nice well, first production, 11/21; t--; cum 43K 1/22;
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.