DOE SPELLS OUT SHIFT TO NEAR TERM BENEFITS IN OIL AND GAS R&D

The U.S. Department of Energy is shifting its oil research priorities to near term projects in an effort to slow the decline in domestic production. DOE will give priority to projects designed to maintain production from wells that face the greatest risk of abandonment within the next 5 years. Henson Moore, deputy energy secretary, said the policy shift largely is prompted by a new study on abandonment rates. Through most of the 1980's federal oil and gas research programs focused on

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Government