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Valentine’s Day, Geothermal, Mining Bitcoin, April Golf Tournament

Dear Colleagues,

As we look ahead past Valentine’s day, which is fast approaching so don’t forget to buy a treat for your special someone, 2021 looks to be a better year than 2020 but brings with it its own challenges. SPE will continue to be a place for the technical exchange of ideas that progress us along in our careers, progress the energy sector into the future, and continue to drive the economy of our country.

JPT is a great source of information to notice trends occurring, or maybe speculation, in the energy sector. There are a few articles published over the last few months on the potential of harnessing geothermal energy and how technology and personnel developed in the Oil & Gas industry will help bring enormous growth in geothermal energy production. In Saskatchewan, Canada Deep Earth Energy Production, or DEEP, has shown positive test results on a hydraulically fractured well. Houston-based firm Sage Geosystem secures financing for a hybrid geothermal plant where plugged and abandoned oil wells will be used to test and calibrate models in preparation for future greenfield wells. Finally, some analysis on this phenomenon, where engineers and geologists with training in the Oil & Gas industry are being leveraged for cleaner energy projects is seen as a step-change, or the next step in the energy evolution, not a monumental shift. What we can be sure of, is the technology and equipment developed through decades of research and field testing will not sunset as we look to new forms of energy.

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