WildHorse Resource Development Corporation (NYSE:WRD) announced today that it has been selected for a Department of Energy study alongside the Texas A&M Engineering Experiment Station (TEES) to develop a new field laboratory in the Eagle Ford formation. The team, which has been awarded an $8 million grant from the Department of Energy (DOE) for research and development of unconventional oil and natural gas recovery, will test next-generation monitoring solutions for hydraulic fracturing and enhanced oil recovery. WRD will contribute three wells for testing, one existing well for re-fracturing and two new wells during the life of the study.
Dr. Dan Hill, director of TEES’ Crisman Institute for Petroleum Research, Noble Chairholder and professor in the Harold Vance Department of Petroleum Engineering at Texas A&M University, is the principal investigator for the project. He will be working with co-principal investigators Dr. Jens Birkholzer, Lawrence Berkeley National Laboratory; Dr. Mark Zoback, Stanford University; Dr. Matthew Averill, WildHorse Resource Development Corporation; and their research teams.