Release Date: September 13, 2011 |
||||
New Technologies that Enhance Environmental Protection, Increase Domestic Production, Result from DOE-Supported Consortium
| ||||
Washington, DC — New technologies that help small, independent oil and natural gas operators contribute to domestic energy production while improving environmental protection have resulted from U.S. Department of Energy (DOE) support of the Stripper Well Consortium (SWC). "Stripper wells" are wells that produce less than 10 barrels of oil or 60,000 standard cubic feet of natural gas per day. According to the Interstate Oil and Gas Compact Commission, more than 375,000 U.S. stripper oil wells account for nearly 720,000 barrels of oil per day, or about 20 percent of the U.S. production. More than 322,000 stripper natural gas wells produce over 2 trillion standard cubic feet of natural gas annually, or 19 percent of the total U.S. natural gas production. By improving the economics of oil and natural gas production from these marginal wells, the nearly 100 technology-driven projects funded since the SWC was founded in 2000 have helped maximize the recovery of domestic hydrocarbon resources, minimize environmental impacts, and strengthen the nation’s energy security. In addition, every dollar of stripper oil and natural gas production generates roughly one dollar of economic activity, and nearly 10 jobs are dependent upon every one million dollars of stripper well oil and natural gas produced. The Consortium is mainly composed of small, domestic oil and natural gas producers, as well as service and supply companies, trade associations, industry consultants, technology entrepreneurs, and academia. Its goal is to keep stripper wells productive in an environmentally sustainable way. Many SWC projects have resulted in commercialized technologies over the years and have been previously highlighted by DOE. Additional technologies, developed over the past couple of years, are now moving toward commercialization and are expected to positively impact the oil and natural gas industry, including:
The Stripper Well Consortium is managed and administered by The Pennsylvania State University. Base funding and technical guidance to the consortium are provided by DOE’s National Energy Technology Laboratory and the New York State Energy Research and Development Authority. Read about additional tools developed with DOE/SWC support that are commercially available: |
||||
|