Five Wells Coming Off Confidential List -- WTI At $81 -- LLS At $84 -- SLB Raises Dividend Forty-Five Percent -- January 20, 2023

Schlumberger: earnings. And name is officially changed, from Schlumberger to SLB.

The Far Side: link here.

Active rigs: link here.

WTI: $80.90.

Natural gas: $3.365.

Monday, January 23, 2023: 51 for the month; 51 for the quarter, 51 for the year
38998, conf, Hunt, Alexandria 161-100-24-13H-3,
38997, conf, Slawson, Blizzard Federal 1-13H,
38732, conf, Hess, EN-Neset-156-94-1819H-1,
31325, conf, Oasis, Slagle 5101 41-12 2B,

Sunday, January 22, 2023: 47 for the month; 47 for the quarter, 47 for the year
None.

Saturday, January 21, 2023: 47 for the month; 47 for the quarter, 47 for the year
39012, conf, Kraken, Wilhelm 16-21 5H,
30868, conf, Prima Exploration, Smokey Bear State 3H,
27898, conf, CLR, Jersey FIU 15-6H,

Friday, January 20, 2023: 44 for the month; 44 for the quarter, 44 for the year
39013, conf, Kraken, Wilhelm 16-21 5H,
38733, conf, Hess, EN-Anderson-LW-156-94-1819H-1,
38014, conf, Petroshale, Laverendrye Federal 5TFH,
34526, conf, Slawson, Armada Federal 6-14-18TFH,
27897, conf, CLR, Jersey FIU 14-6H2,

RBN Energy: US outlines criteria for direct air capture hubs, part 2.  DAC = direct air capture.

If the world is going to reduce greenhouse gas (GHG) emissions to net-zero levels by 2050, a lot of things need to go right, with the success of the International Energy Agency’s (IEA) long-term plan balancing on three different pillars. First, there are emissions reductions from improvements to fossil fuels and processes, such as power generation and industrial production. Next, there are advancements in bioenergy, a category that includes biofuels like ethanol, sustainable aviation fuel (SAF), and renewable diesel (RD). And then there’s direct air capture (DAC) — a minor factor so far, but one with the potential for significant growth, especially given the billions in U.S. funding already set aside for it. In today’s RBN blog, we look at U.S. plans to develop four regional DAC hubs, how those proposals will be evaluated, and the likely timeline for their development.

Creation of a strategy to achieve net-zero GHG emissions has been an important goal of the Biden administration, with long-term decarbonization efforts at the heart of its two most significant legislative achievements to date. The first of those bills to pass, 2021’s Infrastructure Investment and Jobs Act (IIJA), better known as the Bipartisan Infrastructure Law, set aside $3.5 billion for the creation of the DAC hubs we will explore in greater detail today. It also included $65 billion in funding for clean energy transmission and the power grid, and $7.5 billion to build a nationwide network of electric vehicle (EV) chargers, along with a host of other clean-energy priorities. Further, the IIJA provided the Department of Energy (DOE) with $8 billion to support the development of several regional hydrogen hubs — an initiative similar to the DAC hubs which are the focus of today’s blog.