It’s more apparent than ever, the DOE is incentivizing oil companies to work with universities, engineers, scientists and project developers to test and prove organic Rankine cycle (ORC) systems that will most cost effectively generate power from low temperature geothermal fluids found in 10,000 oil and gas wells.
DOE is working with companies like Continental Resources and Encore Acquisition in Western North Dakota to prove these technologies over a two-year period. It seems promising, as the cool climate (mean annual temperature of 50°F) and abundant availability of geothermal fluid at 150-300°F in oil producing formations, are both ideal criteria for successful operations of ORC technologies throughout the Williston Basin. Records indicate there are 102 unitized oil fields in the North Dakota portion of the Basin, which brings significant co-production opportunities for these communities using ORC systems.
The DOE is working on two specific projects over two-year periods. Their objectives are to demonstrate the technologic and economic feasibility of generating electricity from low temperature geothermal fluids.
Find out much more by attending the SMU Power Plays Conference and Workshop this April. Click here to find out how!