The Far Side: link here.
Active rigs: 42.
WTI: $74.96.
Natural gas: $5.393
Wednesday, December 21, 2022: 55 for the month, 164 for the quarter, 708 for the year.
37893, conf, Enerplus, Tin 147-93-17B-20H,
38985, conf, CLR, Kiefel 2-36HSL,
37700, conf, BR, Ole 5-1-29TFH,
RBN Energy: DOE Is On Its Way To Selecting Hydrogen Hub "Winners."
If clean hydrogen is not a significant contributor to the U.S. energy mix by the 2030s, it won’t be because Congress and the Biden administration didn’t try. First, last year’s Bipartisan Infrastructure Law provided the Department of Energy (DOE) with up to $8 billion to support the development of several regional hydrogen hubs, plus another $1 billion to back efforts to halve the cost of producing hydrogen via renewables-powered electrolysis.
Then, this year’s Inflation Reduction Act (IRA) provided tax credits for investing in new production facilities and producing clean hydrogen — incentives generous enough to spur announcements for at least an initial round of multibillion-dollar projects. In today’s RBN blog, we discuss highlights from our new Drill Down Report on the variety of hydrogen-hub proposals the feds will be reviewing.
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