Oil and Natural Gas Supply
Title IX, Subtitle J of the Energy Policy Act of 2005 - Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources Program
The Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources Program is a 10-year, $50 million-dollar-per-year public/private partnership designed to benefit consumers by developing technology to increase Americaís domestic oil and gas supply and reduce the nationís dependency on imports from foreign sources. The funds to be used for research under this program come from Federal lease royalties, rents and bonuses paid by oil and gas companies.
Click here to read the text of Title IX, Subtitle J of the Energy Policy Act of 2005 [PDF-58KB].
The allocated funds are directed towards research specifically targeting four areas: ultra-deepwater resources, unconventional natural gas and other petroleum resources, technology challenges of small producers, and research complementary to all three of these areas. The complementary research is to be performed directly by NETL while all other research is to be administered by a consortium selected and overseen by NETL.