New Mexico Cost-Shared Geothermal Drilling Program
- Key words
- Economics; Financing; New Mexico; Case Histories; New Mexico State University Energy Institute
- Location
- New Mexico
- Conference
- Geothermal Resources Council Transactions
- Year
- 1987
- Session
- Drilling; Economics; Financing
- Language
- English
Abstract
The state of New Mexico provided $100,000 for cost sharing the drilling of geothermal exploratory and production wells. Cost sharing was on a 50 percent basis between state and the participants. Twelve temperature gradient holes and nine production wells were drilled. One new resource area with electrical grade potential was confirmed. One resource developer is presently building six acres of greenhouses at shallow low temperature site. Additional development is anticipated at other selected areas through the state. Permanent employment opportunities were created that will repay the state investment within two years.
Copyright 1987, Geothermal Resources Council. Readers who download papers from this site should honour the copyright of the original authors, and may not copy or distribute the work further without the permission of the original publisher.