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Geothermal 'Wildcatter' To Tap Texas Coast

Publication Date: 03-JUN-09
Author: Pam Radtke Russell
Format: HTML

    
Description:
A self-described “geothermal wildcatter” from Oregon intends to use a waste byproduct of oil and gas production to generate electricity along the Texas coast. Geo Texas Co., a Eugene, Ore.-based startup company led by geothermal pioneer Steve Munson, will pay Texas $386,000 a year for leases up to 30 years on 128,758 acres of state land off the coasts of Brazoria and Matagorda counties, near Galveston, to produce geothermal energy. The company will pay more if it produces energy.
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