DOE to fund 10 new E&P research projects

Bill Richardson, US Secretary of Energy, has announced 10 new demonstration projects for helping US independent producers acquire new tools for recovering oil that might otherwise be left in the ground. He made the announcement at the Society of Petroleum Engineers Annual Technical Conference and Exhibition in Houston last week. Click here to enlarge image"The oil industry in the US is increasingly an industry of smaller companies, many of which are family-owned businesses. These companies account for nearly half the oil produced in Lower 48," Richardson said."Our support will help them develop and deploy technologies that otherwise would probably never make it into the oil field, certai...

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