Geopressured-Geothermal Commercialization: Current Government Initiatives
- Key words
- Geopressure; Commercialization; Methane; USA; Texas; Deep Wells; High Pressure; Tax; Loan Guaranty; Hot Water; Economics; Energy Price; US DOE; University of Texas Austin
- Location
- United States
- Conference
- Geothermal Resources Council Transactions
- Year
- 1979
- Session
- Geopressured reservoirs; Economics; Financing; Taxation
- Language
- English
Abstract
Government initiatives affecting commercialization of the geopressurized-geothermal resource are in numerous respects different from initiatives which affect commercialization of other geothermal resources; these differences arise largely because of the great depth and the methane component of the geopressured-geothermal resource. The following paper discusses aspects of the Geothermal Loan Guaranty Program, DGE's well drilling program and the 1978 energy legislation which have an impact on geopressured-geothermal commercialization. The presence in one geological space of a methane and geothermal resource gives rise to, particularly, tax ambiguities which are examined; the ERA's rule exempting geopressured methane fired boilers from coal conversion is also analyzed.
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