One Well Coming Off Confidential List -- EV Update -- June 22, 2022

Earthquake: Afghanistan.

Removed: South Dakota AG

Ford:

• EV sales set record, again;
• Ford to end car production at German Saarlouis plant;
• selects Valencia, Spain as "preferred site" to build next-generation EVs for Europe

Stellantis:

• announces more indefinite layoffs: cites rising gasoline price and interest rates slowing sales;

Daimler Truck:

• world's largest truck maker facing enormous supply chain pressure;

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Back to the Bakken

Far Side: link here.

WTI: slumps to $102.70.

Active rigs: 42 or thereabouts

Wednesday, June 22, 2022: 31 for the month, 169 for the quarter, 329 for the year

• 38661, conf, CLR, LCU Reckitt 12-22HX, 

RBN Energy: greater Houston's vision for a Texas-Louisiana hydrogen hub.

One of the biggest, most important steps in the U.S.’s ongoing energy transition will be the selection and build-out of at least four new clean hydrogen hubs –– development supported to a significant degree by an $8 billion commitment in last year’s bipartisan infrastructure bill, which was signed into law by President Biden in November. Surely there will be a lot of angling among states and regions to land big chunks of that federal money, but it’s a safe bet that one of the new hydrogen hubs will be located along the Texas-Louisiana coast. After all, this stretch of low-lying land not only boasts the U.S.’s highest concentration of existing hydrogen production and consumption, it also offers an extensive network of hydrogen pipelines, easy access to vast amounts of natural gas and renewable power, scores of potential sites for underground hydrogen storage and carbon sequestration, and a slew of marine terminals for exporting hydrogen-packed ammonia to global markets. Best of all, perhaps, the region has the human capital to make a new energy hub happen — heck, look at the infrastructure and markets the folks and companies between Freeport and Lake Charles have already developed for crude oil, natural gas and NGLs. In today’s RBN blog, we begin a detailed look at the federal government’s push to advance clean hydrogen as a fuel of the future and the Houston-led effort to make the western Gulf Coast a buzzing center of hydrogen-related activity.