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Raser Adds 32,700 Acres of Geothermal Resources in Utah

September 2, 2008   |   2 Comments

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"We continue to capitalize on the excellent geothermal resource opportunities that currently exist in the Utah market. We believe these new leases will provide some valuable projects and add to our vast geothermal portfolio."

-- Brent Cook, CEO, Raser
2 Reader Comments
Comment
1 of 2
September 3, 2008
I appriciate that 150,000 Acres of land agreements for lease have signed.
Whether have you utilsed elsewhere for project.Is yheir any clearances are required from Geology and Mining Department ,or any area falls under forest zone.whether this land is Government,private,Triabal.Gauthan or Reserve for specific purpose.The holding of land is a multt owner or divided property?
Comment
2 of 2
September 4, 2008
The article is rather vague regarding location, but huge tracts of land in Utah are Federally owned, and quite a bit is owned by the State. State land resources, timber, mining, whatever, if sold/leased are put toward education funding for Utah schools. The article mentions only geothermal rights, as well as 'surface' rights which probably cover the building of roads, buildings and transmission (power) lines.
If the land is federal, various agencies govern the enviromental impact of the proposed land's use, the rate the gov'ment is paid and whatnot. As well, the contract covers what is expected to be done to restore any damage that occurs in exploiting the resource. Usually the rates are low, under the theory that its an incentive to bring businesses forward to tap into the resource. Its a common, but pretty involved, process. No one wants to see the land ruined, but we also want to see that energy tapped, so compromises are worked out. I hope it goes forward. Most of Utah's power plants are coal fired, with oil, natural gas and hydroelectric filling in the rest.
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