DOE Allocates $65.5M for Oil, Natural Gas Research

The U.S. Department of Energy (DOE) has announced up to $65.5 million in federal funding for research, development, and deployment projects aimed at strengthening domestic oil and natural gas production.

The funding opportunity supports technologies that maximize the productivity of existing infrastructure, expand the capacity and performance of energy delivery systems, and strengthen the resilience of America's oil and natural gas supply chain.

According to Kyle Haustveit, DOE Under Secretary of Energy, 'Thanks to President Trump's leadership, the Energy Department is making strategic investments to strengthen America's oil and natural gas industry and reinforce the critical infrastructure that powers our economy.'

The funding opportunity will help American producers eliminate waste, improve efficiency, and deliver affordable, reliable, and secure energy.