Over the summer of 2023, Fervo Energy completed a 30-day well test at Project Red that confirmed the commercial viability of its drilling technology. Now, Fervo has published early drilling results from its Cape Station project showing a 70% reduction in drilling time from Fervo’s first horizontal well drilled at Project Red in 2022. Fervo has consistently increased efficiency, reducing drilling times and costs- the drilling costs across the first four horizontal wells at Cape Station fall from $9.4 million to $4.8 million per well.
Learn more about the project here: https://fervoenergy.com/fervo-energy-drilling-results-show-rapid-advancement-of-geothermal-performance/