Wednesday, October 5, 2016

Science & Technology: Geothermal Tech Can Help Oil & Gas Industry Remain Relevant

Examining the Technological Overlap Between Oil, Gas and Geothermal (Miniplanet)

The nation' first-ever commercial enterprise to co-produce electricity from geothermal resources at an oil and gas well has been successfully launched in North Dakota. (Courtesy Will Gosnold)
The intersection of the oil and gas and geothermal industries is one that is rich in unexpected ways, be it in drilling technologies or the new frontier of co-production of both fossil fuels and geothermal power from the same well. The revolutionary drilling technology oil and gas companies employ while creating critically-deep wells has migrated over to geothermal, allowing new, difficult to access renewable resources to be harnessed.

Meanwhile, in Canada and the U.S., the potential of geothermal energy coproduction at scores of previously existing oil and gas drilling sites is a hot topic — a potential way for oil and gas companies to diversify their energy portfolios and invest in clean baseload energy.

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