Locator: 48672B.
Hydrogen: from RBN Energy, September 10, 2024:
RBN Energy: how existing US hydrogen infrastructure forms a base for future expansion. Archived.
The hype around low-carbon-intensity (LCI) hydrogen that captivated many energy transition fans over the past four years has lost some momentum of late as industry players recalibrate their investment plans in the face of spiraling costs. Still, the U.S. government is moving full speed ahead — the Bipartisan Infrastructure Law (2021) and Inflation Reduction Act (2022) promise to flow billions of dollars into LCI hydrogen infrastructure via tax credits and other incentives.
Which raises this question: Will LCI hydrogen make economic sense or not? In November 2021, the Department of Energy (DOE) asked the National Petroleum Council (NPC) to take a deep dive into the topic. In today’s RBN blog, we begin a review of the issues at hand.
Reality sucks, link here.
Remember Plug Power? I was suckered into investing, but got out quickly.
The "hydrogen" headlines this past year
Updates
October 28, 2024: hydrogen stocks crash as hype faces reality check.
September 10, 2024: hydrogen infrastructure update, RBN Energy.
August 19, 2024: hydrogen collapsing.
April 24, 2024: what's holding back hydrogen vehicles.
March 11, 2024: natural gas pipelines and hydrogen hubs.
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Back to the Bakken
WTI: $67.69.
Active rigs: 41.
Five new permits, #41283 - #41287, inclusive:
- Operators: CLR (3); Koda Resources (2)
- Fields: East Fork (Williams); Deaneville (Divide County)
- Comments;
- Koda Resouces has permits for two Bock wells, NWNw 24-161-102,
- both to be sited 483 FNL with one at 654 FWL and the other 689 FWL;
- CLR has permits for two Peterson wells and one Chloe well, SWSE 20-156-99;
- all three to be sited to be sited 300 FSL and at 1753 FEL; 1817 FEL: and, 1785 FEL
Three permits canceled:
- MRO: Quincy, Ebeltoft, and Beverly Dunn County; NWNE 18-145-93;
Three producing wells (DUCs) reported as completed:
- 37578, 0, BR, Mathistad 2B MTFH, McKenzie County;
- 37581, 867, BR, Cross 2A MBH, McKenzie County;
- 40601, 526, True Oil; Slash Federal 11-4 4-9 TF1H; McKenzie County;