DOE announces funding for unconventional recovery R&D | Oil & Gas Journal

The US Department of Energy’s Fossil Energy Office has selected 12 projects to receive $44.5 million in federal funding for cost-shared research and development in advanced technologies for recovering unconventional oil and gas. The 12 selected projects will help enhance the characterization and improve the recovery efficiency of emerging unconventional reservoirs, FEO said.

“Improving the recovery efficiency from oil and natural gas plays is critical to maximizing US energy production,” said Steven Winberg, FEO assistant secretary.

In 2018, oil and gas accounted for 57% of all US energy production, with crude seeing an increase of 17% and gas an increase of 12% from 2017 production, FEO noted.

Contact Nick Snow at nicks@endeavorb2b.com.

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