Wednesday, July 3, 2013

DOE Releases Draft Advanced Fossil Energy Solicitation

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
Agricultural Law Resource and Reference Center
July 2013

No comments:

Post a Comment