US Dept of Energy Awards Grants for Hydraulic Fracturing Research, Looking for Greener Alternatives

The U.S. Department of Energy is funding a number of research projects to help find ways to extract more energy from unconventional oil and gas resources while reducing environmental risks. The DOE grants amount to $12.4 million.

The selections include $10.3 million for eight projects that will reduce the environmental risks of shale gas development while accelerating the application of new exploration and production technologies; and $2.1 million for three projects investigating innovative processes for extracting additional oil from mature domestic oil fields including Enhanced Oil Recovery (EOR).

The total value of the shale-related projects is more than $17.0 million over 3 years with approximately $6.7 million of cost-share provided by the recipients in addition to the $10.3 million in federal funds. The shale gas projects include:

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