CALGARY, Alberta (May 27, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report that analyzes how oil and gas operators can harness existing acreage and drilling expertise to advance geothermal power projects. The report highlights which operators are best equipped to succeed across a variety of plays, considering geothermal gradient, levelized cost of energy (LCOE), regional load growth and power prices.
“Oil and gas operators are uniquely positioned to capitalize on geothermal potential. With their drilling expertise and existing infrastructure, there is opportunity to lower their emissions profiles and maximize the value of their existing assets,” said Brynna Foley, associate at EIR.
“The combination of high geothermal gradients, low LCOE and regional load growth creates the perfect storm of opportunity in Arkansas, Louisiana, Texas and the Gulf Coast,” Foley added. “Proximity to transmission infrastructure, available transfer capacity and competitive LCOEs make this area ideally suited for geothermal.”
Key takeaways from the report:
- Oil and gas operators can tap into existing expertise to unlock geothermal opportunities, with success dependent on geothermal gradient and transmission proximity.
- The geothermal gradient is a critical factor influencing LCOE, highlighting the Rockies, Mid-Continent and Gulf Coast regions as key opportunities for economic growth.
- Limited geothermal potential in major basins like the Permian poses challenges for project viability, despite increasing power demand.
EIR’s analysis pulls from a variety of products including Enverus Foundations® | Power & Renewables.
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About Enverus Intelligence® Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers and more than 40,000 suppliers. Learn more at Enverus.com.
