Three Wells Coming Off Confidential List Today -- September 7, 2023

Locator: 45552B.

Weekly EIA petroleum report: pending.

DIS / Hulu / CMCSA: deal in the news.

• link here to The WSJ;
• link here to Barron's.

SLB: on a roll. To grow revenue by $5 billion this year (2023) and next (2024); link here.

Alaska: Biden cancels seven Alaskan oil and gas leases that Trump had approved. Link here.

• message sent: Biden administration not all that worried about price of gasoline
• Rystad Energy analysis of current state of affairs.

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Back to the Bakken

WTI: $87.00.

Friday, September 8, 2023: 71 for the month; 273 for the quarter, 518 for the year
39613, conf, Kraken, Gladys 29-20-17-3H,
37472, conf, SOGC (Sinclair), Saetz Federal 3-36H,

Thursday, September 7, 2023: 69 for the month; 271 for the quarter, 516 for the year
39380, conf, Eagle Operating, Cutbank 18-13,
39031, conf, Liberty Resources, Temple 159-96-36-25-4MBH,
37928, conf, BR, Boxer 2B MBH,

RBN Energy: unveiling the full list of survivors of the DOE's hydrogen hub cutdown, part 4. Archived.

Considerable time and effort has been spent tracking the federal government’s plan to spend billions of dollars to create a number of regional hydrogen hubs. News about the Department of Energy’s (DOE) hub-selection process has been hard to come by, especially since the potential applicants weren’t publicly disclosed at the time of the agency’s informal cutdown in late 2022 and many potential developers, for competitive reasons, have elected to play their cards very close to the vest. In today’s RBN blog, we’ll publish the DOE’s full list of 33 encouraged proposals for the first time, examine some of the plans that were combined in an effort to produce a stronger joint application, and share a little about the concept papers that didn’t make the DOE’s informal cut.

The U.S. has made clean hydrogen a priority, with the federal government’s Regional Clean Hydrogen Hubs (H2Hubs) initiative intended to accelerate the process. As we noted in Part 1 of this series, the DOE opened up $7 billion in funding in September 2022 for the development of several hubs. For the first stage of the hub-selection process, the DOE’s Office of Clean Energy Demonstration (OCED), which will administer the hydrogen-hub funding, required interested parties to submit concept papers about their planned projects. Of the 79 papers that were submitted, 33 were encouraged at the end of 2022 to submit a full application by the April 7 deadline. (Also note that projects that were encouraged to submit a full application were not required to do so, and projects on the discouraged list were still eligible to submit a full application.)