On July 2, 2013, the U.S. Department of Energy released a
draft solicitation that would allow well operators developing or improving gas
recovery techniques to apply for federal funding. To be eligible for funding
from the DOE, a company would need to submit an application detailing a project
that: 1) advances resource development, 2) applies carbon capture techniques,
3) utilizes low-carbon power systems, or 4) demonstrates efficiency
improvements in current energy systems. The DOE will make available up to $8
billion in loan guarantees through this solicitation.
Current well operators and gas producers could apply for
federal funding under the “advanced resource development” category, which
specifically calls for new techniques in drilling/well stimulation, such as dry
fracking, and the development of flaring reduction systems. Exothermic
extraction, or “dry fracking,” is a relatively new drilling technique that
utilizes pumice, metal oxides and expansive evaporants (gases), instead of
water, to complete fracturing.
For more information on the Draft Solicitation, visit the DOE
Website, or this link to the full
text.
Written by: Garrett Lent, Research Assistant
Written by: Garrett Lent, Research Assistant
Agricultural Law Resource and Reference Center
July 2013
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