Two Wells Coming Off Confidential List Today; Three Tomorrrow -- September 28, 2022

UCLA: 

UCLA is buying a campus in Rancho Palos Verdes UCLA said it is buying two expansive properties owned by Marymount California University, a small Catholic institution in Rancho Palos Verdes that shuttered its doors last month. 

UCLA’s $80-million purchase of Marymount’s 24.5-acre campus and an 11-acre residential site in nearby San Pedro marks the university’s most significant expansion to help meet the burgeoning demand for seats. 

UCLA drew nearly 140,000 first-year applications for about 6,600 spots in fall 2021 and even more this year. But UCLA, whose 419-acre Westwood footprint is the smallest among U.C.’s nine undergraduate campuses, has no room to grow, prompting the campus to look for alternatives. 

Fiji. Link here.

AAPL: Apple scales back plans for increased production of the iPhone 14. Market spooked. 

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

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Back to the Bakken

The Far Side: link here.

Active rigs: 46.

WTI: $79.91. Up temporarily due to Hurricane Ian.

Natural gas: $6.570. Despite Nord Stream pipelines likely out of service for a very, very long time.

Thursday, September 29, 2022: 50 for the month, 100 for the quarter, 439 for the year
38717, conf, Ovintiv, Calhoun 149-98-3-10-14H, Pembroke, see this post;
37428, conf, Enerplus, Cutthroat 149-94-36C-25H-TF,
30925, conf, BR, Saddle Butte 44-9TFH,

Wednesday, September 28, 2022: 47 for the month, 97 for the quarter, 436 for the year
38718, conf, Ovintiv, Calhoun 149-98-3019-6H, Pembroke, see this post;
38333, conf, Oasis, Soto 5097-12-3 2B, Siverston,

RBN Energy: Louisiana, Oklahoma, and Arkansas push for regional hydrogen hub as DOE plan advances. Archived.

Last week, the U.S. Department of Energy (DOE) unveiled its timeline for receiving and reviewing proposals to develop six to 10 clean-hydrogen hubs and said its aim was to decide by the fall of next year which projects will share up to $7 billion in DOE support. The competition for those dollars is sure to be fierce, with some of the strongest proposals likely to come from states like Texas and California that have a lot of renewable energy and ambitions to be leaders in the energy transition. Also, there is a joint effort by three states east and north of Texas to develop a hydrogen hub that would take advantage of their existing and planned hydrogen-production and wind assets, natural gas supply, refinery and pipeline infrastructure, and carbon sequestration potential. In today's RBN blog, we discuss the DOE's recent announcement and the three-state hydrogen-hub plan, which is dubbed H2ALO.