PUMPing more US oil

US oil production has been declining in recent years, as addressed in the Midyear Forecast (see special report beginning on p. 76), but there are efforts under way to make marginal production more economically feasible.The US Department of Energy last month announced that it is accepting a second round of proposals for its Preferred Upstream Management Practices (PUMP) program. The PUMP program is a 5-year effort to identify, verify, and demonstrate integrated sets of solutions to improve oil field economics.DOE hopes that by improving technologies, disseminating better data, and streamlining regulations, US well abandonments can be reduced and oil production will either slow or halt its ...

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