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Monday, July 11, 2022

Four Wells Coming Off Confidential List; WTI Slides -- Monday, July 11, 2022

 My heart is not into this today, but I will do it for the archives.

Far Side: link here.

WTI: $102.90. In a trading range. The better Bakken operators show free cash flow with WTI at $40, and sometimes even lower. Generally (?), Harold Hamm, unhedged, is getting more for a bbl of Bakken oil than the WTI scroller shows. Don't quote me on that; it's very, very dynamic.

NDIC: of course, the GIS map server is still not working. It's been more than a year. There is no longer any "get-well" date.

Active rigs: 43 or thereabouts.

Tuesday, July 12, 2022: 13 for the month, 13 for the quarter, 352 for the year

  • None. 

Monday, July 11, 2022: 13 for the month, 13 for the quarter, 352 for the year

  • 38696, conf, Lime Rock Resources, Harstad 9-1TFH-155-91, 

Sunday, July 10, 2022: 12 for the month, 12 for the quarter, 351 for the year

  • 38695, conf, Lime Rock Resources, Behr 16-21 2H-LL-155-91,
  • 38176, conf, Hess, AN-Norby-LE-152-94-0409H-1, 

Saturday, July 9, 2022: 10 for the month, 10 for the quarter, 349 for the year

  • 37145, conf, Hess, BL-Olson-155-96-0310H-3,

RBN Energy: Fidelis New Energy's GigaSystem gears up to produce sustainable aviation fuel, renewable diesel

As concerns about energy security have come to the forefront, some in the mainstream have begun to pump the brakes on the idea of energy transition at any cost and reevaluate the practicality of some proposed solutions. But that hasn’t changed the long-term outlook for energy transition nor the fact that numerous individual projects focused on alternative fuels, carbon capture, hydrogen and renewable energy are in the works, gaining in prominence and attracting a prodigious amount of investment. There is still an anticipation among investors that the market will increasingly demand greener production methods — they just need to be well-conceived, planned and executed. The good thing for Fidelis New Energy — a Houston-based firm focused on climate-impact infrastructure, including low-carbon, sustainable fuels  — is that, among renewable producers, they’re building a sustainable cost advantage through efficient, integrated design. In today’s RBN blog we look at what Fidelis calls the Grön Fuels GigaSystem.

The GigaSystem promises to bring sustainable aviation fuel (SAF) and renewable diesel (RD) production together with carbon capture and sequestration (CCS), while utilizing carbon-negative power to reduce the carbon intensity (CI) of its fuels. Even more fundamentally, the system has the enviable capacity to handle multiple transportation options, with rail, pipeline and dock infrastructure, centrally located at the Port of Greater Baton Rouge. Fidelis and Optimized Process Designs (OPD), an affiliate of Koch Engineered Solutions, announced the execution of a lump-sum, turnkey definitive engineering, procurement and construction (EPC) agreement for the renewable fuels facility as well as design considerations enabling the optimized add-on of CCS and carbon-negative power to the site, all of which rely on the use of existing, proven technologies from leading global companies.

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