Bilingual Drillers and Tool Pushers Needed
ThermaSource is in need for bilingual (English/Spanish) Drillers and Night Tool Pushers for drilling operations in Nicaragua.
For more information go to Here
JMP Securities: The Green 100
JMP Securities:The Green 100. A book ranking the top most promising privately held clean technology companies in 2010. ThermaSource was honored to be a part of this list under the Renewable Fuels and Clean Power Generation category, and one of only a handful of geothermal companies to make The Green 100.
For more information on this list, JMP Securities
ChemTech becomes ThermaSource Drilling Fluids
ThermaSource is capitalizing on an opportunity for a fresh start with ChemTech Services, LLC. In doing so, and to become more aligned with the family of ThermaSource companies, management has agreed ChemTech will now be known as ThermaSource Drilling Fluids.
ThermaSource, Inc., Signs Drilling Contract with Polaris Energy Nicaragua in San Jacinto-Tizate, Nicaragua
SANTA ROSA, Calif.—(BUSINESS WIRE)--ThermaSource, Inc. and Ram Power, Corp. (TSX: RGP) (“Ram Power”), through its subsidiary Polaris Energy Nicaragua S.A. (“PENSA”), are pleased to announce the signing of a drilling contract for the geothermal development of the San Jacinto-Tizate Project in Nicaragua. ThermaSource was awarded the drilling contract from PENSA following a competitive bidding process involving geothermal drilling companies from around the world.
“The drilling contract represents a major milestone in the completion of the San Jacinto-Tizate expansion and we are looking forward to the working relationship with ThermaSource. We believe that Nicaragua is quickly becoming one of the leading Central American countries developing geothermal power.”
*San Jacinto-Tizate Project * The goal with this contract is to drill multiple wells, both injection and production, to roughly 2,500 meter depths to support the expansion of the current power generation plant. With 56 MW drilled and available at the production well heads, and the two most recently drilled production wells tested at 16 MW and 22.8 MW respectively, PENSA is expecting to drill only two additional production wells to reach the full 72 MW net capacity.
Tecton Geologic, a wholly owned subsidiary of ThermaSource also signed a contract for the mud logging business for the drilling operations on the San Jacinto-Tizate Project in Nicaragua. Louis Capuano, Jr., Chief Executive Officer of ThermaSource, Inc., said “We are excited to be a part of the expansion of geothermal power in Nicaragua and look forward to working with Ram Power and PENSA on a successful drilling project.”
Stuart Johnson, Vice President Geothermal Resources for Ram Power, said “The drilling contract represents a major milestone in the completion of the San Jacinto-Tizate expansion and we are looking forward to the working relationship with ThermaSource. We believe that Nicaragua is quickly becoming one of the leading Central American countries developing geothermal power.”
About ThermaSource, Inc. ThermaSource, LLC is a fully integrated services company focused on the geothermal industry. ThermaSource Inc. is engaged in geothermal drilling, engineering and project management. ThermaSource Cementing is an onsite cement supply, pumping and engineering firm, Tecton Geologic conducts geothermal geologics, well logging, and H2S Abatement. ChemTech Services is engaged in geothermal drilling fluids supply, and engineering. EGS, Inc. specializes in geological exploration and is a resource evaluation firm. ThermaSource has positioned itself as a one-stop shop for drilling service needs and will be providing the drilling, project management, and well logging for Ram Power and PENSA. For more information about ThermaSource, visit www.thermasource.com.
About Ram Power, Corp. Ram Power is a renewable energy company based in Reno, Nevada, engaged in the business of acquiring, exploring, developing, and operating geothermal properties and has interests in geothermal projects in the United States, Canada, and Latin America. For more information on Ram Power, Corp., visit www.ram-power.com.
Visit EGS, Inc.'s New Website
EGS, Inc., a wholly owned subsidiary of ThermaSource, LLC., has launched a brand new website.
For more information on EGS, Inc. visit www.envgeo.com
ThinkGeoEnergy.com
If you’re looking for one of the most comprehensive centers for information and news on geothermal, then you need to check Think Geo Energy out.
Looking for information on a geothermal company? Try typing the company name into the search box at the top of the site. It should bring up all the most relevant news and information on that company.
Anything that can educate and/ or inform the public on geothermal energy is a great boost to our industry.
ThermaSource supports Think Geo Energy’s mission!
Check out the site:ThinkGeoEnergy.com
ThermaSource Voted Best Place to Work for in 2009
Last week, ThermaSource was notified by the North Bay Business Journal, that it was voted one of the best places to work for in the North Bay for the second straight year!
This honor is awarded to North Bay companies that are nominated by someone within the community. Upon receiving a nomination, the company is notified and then asked to have their employees complete an anonymous survey. Each nominated company then had to have a minimum of 50% surveys completed and returned to the North Bay Business Journal, for consideration of the award.
ThermaSource prides itself on a quality workplace environment, and the business management values it instills in each employee. ThermaSource is proud to continue to be an example for North Bay companies and look forward to continued growth and success.
For more information on the North Bay Business Journal, visit www.NorthBayBusinessJournal.com
ExecDigital Magazine - Focused on an untapped resource
Please read the attached PDF full color version of ExecDigital’s article on ThermaSource, Inc.
Geothermal Energy Industry Leaders and Experts at the Newseum, Wednesday, May 6th
WASHINGTON, May 5 /PRNewswire-USNewswire/ — Geothermal industry leaders and experts will present a Geothermal Showcase at the Newseum in Washington, DC, Wednesday afternoon, from noon to 5:00 pm. Participants will be invited to virtually visit some of the leading geothermal energy development projects in the United States and hear from companies at the forefront of geothermal power growth. Companies will lead digital tours of geothermal power plants and will present on visions of potential and future geothermal technologies. A panel of leading geothermal scientists will discuss the promising question: “What can geothermal resources contribute to our energy needs?”
The Geothermal Showcase is sponsored by the Geothermal Energy Association along with Ormat, Enel North America, and Pratt and Whitney Power Systems. Karl Gawell, GEA’s Executive Director, Paul Thomsen, Director for Policy and Business Development of Ormat, Toni Volpe, President and CEO of Enel North America, and John Fox, Director/General manager of Pratt and Whitney Power Systems will be leading presenters.
Other industry speakers include Lou Capuano, Jr., CEO of ThermaSource, Ken MacLeod, President and CEO of Western GeoPower, Kevin Wallace, Senior Project Manager of Power Engineers, Brian Fairbank, President and CEO of Nevada Geothermal Power, Michael Hayter, Director of Geothermal Development for Raser Technologies, and Bernie Karl, Owner of Chena Hot Springs Resort.
To read the entire Press Release, click here.
EGS, Inc. Contracted by Government of Montserrat for Geothermal Exploration Studies
SANTA ROSA, Calif., May 04, 2009 (BUSINESS WIRE) — EGS, Inc., specialists in green fields and geological exploration with an emphasis on the evaluation of renewable energy resources, is pleased to announce that it has been awarded a contract to perform geothermal exploration studies on the island of Montserrat in the Caribbean. Led by Chief Geologist Paul Brophy, EGS, Inc. is a subsidiary of ThermaSource LLC, one of the fastest growing providers of drilling, engineering and consulting services to the geothermal energy sector. EGS, Inc.
To read the entire Press Release, click here:
Powering the Future
Saturday was the culmination of more than three decades of work for John Lund and his colleagues.
Oregon Institute of Technology had an official groundbreaking for a geothermal well that will provide enough energy to fully power the university campus. Lund, director of the OIT Geoheat Center, has worked toward such a project since helping found the center in 1975.
To read more, click here for the article…
OIT's journey to the center of the earth
Kristina Maupin/OITA crew from Roger Chancellor Well Drilling performs initial drilling last week for a high-temperature well on the Oregon Institute of Technology campus in Klamath Falls. ThermaSource of Santa Rosa, Calif., will complete the nearly mile-deep well, which is intended to tap 300-degree water to run a 1.5-megawatt power plant. The plant should allow OIT to supply all of its heat and electrical needs from its own renewable geothermal source.
For decades, the Oregon Institute of Technology has drawn from the earth to warm its classrooms, heat its swimming pool and melt snow from its sidewalks.
Now the rumble of heavy equipment and the installation of a 150-foot-tall drilling tower signal the school’s leap toward energy self-sufficiency. Within a year, OIT will become the first campus in the world powered entirely by its own renewable geothermal source.
The massive drilling rig will punch into a geological fracture almost a mile below ground, tapping 300-degree water to feed a 1.5-megawatt electrical plant. The $4.5 million high-heat plant will produce enough energy to power the entire Klamath Falls campus — and then some.
To read the complete article, click here
Turnaround Year
The recession in Sonoma County will come to an end in five months.
That is the bold prediction from Robert Eyler, director of the Center for Regional Economic Analysis at Sonoma State University.
Eyler’s report comes a year after he declared Sonoma County was in a recession — a controversial forecast he spent months defending until he was vindicated when the U.S. government agreed last month the national economy fell into recession in December 2007.
To read the complete article that featured ThermaSource ‘in pictures,’ on the front page of the Sunday paper in the Press Democrat, click here. Photo taken by Press Democrat photographer
ThermaSource Giving in the Holiday Spirit
The rig crews, tool pushers, company men, and mudmen at Rig 101, (currently in Winnemucca, NV) have taken it upon themselves to put together a donation to help a local family in the Winnemucca area for the holidays. Members from each of the 4 crews contributed to the cause.
The Rig 101 Team found a family through the local Chamber of Commerce. The family was not a regular at the local food bank. The father of six children was just laid off from working in the mines 3 months earlier. The Chamber said the father is a very humble man and a hard worker that is just having a difficult time with the lay off and the economy.
The Team at Rig 101 was able to raise $800 and claim it was a collective idea and group effort.
One of the Rig 101 Participants was quoted, “We were not intending to show off or draw attention to us. We just wanted to help this family enjoy a big Christmas, which we did. These guys did this from the heart. It was cool to see!”
This was a truly admirable act by Rig 101’s crew. Happy Holidays!
ThermaSource in South America
December 1, 2008: The United Nations hosted a Geothermal Round Table Discussion in Santiago, Chile and Lima, Peru, the first week of December. Latin American Operations Manager, Mike Roach and Marketing Specialist, Patrick Hanson, attended on behalf of ThermaSource.
The objective of the UN Geothermal Round Table Discussions was to educate government officials and local developers about the geothermal potential in both Chile and Peru.
There were two days scheduled in both cities, where Latin American countries presented their situations, geothermal service companies listened and responded, and Chilean or Peruvian government officials and Ministers took note of the changes that needed to be made.
In summary, ThermaSource confirmed what we originally hypothesized; there is lucrative geothermal potential in Chile and Peru. The challenge is that the Chilean permitting laws are slow to be granted and need to be revised, and the Peruvian infrastructure must be improved prior to any geothermal development.
“It was important that ThermaSource be at this event. We were able to educate key officials in Chile and Peru on initiatives that need to be implemented prior to broad scale geothermal development,” said Mike Roach.
ThermaSource was well represented and received in South America. Our reputation and experience was known among all in attendance in both countries and we were able to network with key players in the market.
ThermaSource Cementing Completes First Job
The ThermaSource Cementing team hit the road with a pump and bulk truck to Buffalo Valley, Nevada (South of Battle Mountain) for their first cementing job since being founded earlier in 2008. They successfully cemented a 400’ - 10-3/4” surface pipe. The Team’s next scheduled cementing job will be this weekend in Utah.
Congratulations to everyone for all their hard work put forth to get ThermaSource Cementing off and “pumping.”
Geothermal drilling market heats up
As oil prices reach unheard-of highs in the $140/bbl range, energy sources that have historically been considered too expensive to produce economically are getting new leases on life. Many such energy sources, like wind and solar, tend to reside far outside the realm of the oil and gas drilling industry. Geothermal energy, however, stands as one resource that holds potential opportunities for drilling contractors, especially as that industry continues to undergo a significant expansion.
Author: Linda Hsieh, Assistant Managing Editor: Drilling Contractor
International Association of Drilling Contractors (IADC)
Click here for the full article.
ThermaSource LLC, Acquires Tecton Geologic
SANTA ROSA, Calif., Sep 09, 2008 (BUSINESS WIRE) — ThermaSource, LLC, is pleased to report the acquisition of Tecton Geologic, a Windsor, CA, based geothermal well logging company. Tecton Geologic, LLC provides on-site rig monitoring and mud logging for the geothermal drilling industry. Tecton provides additional services, such as hydrogen sulfide detection, and abatement providing a safe drilling environment. Tecton’s networked data acquisition system, TopHand(TM), is able to measure a wide range of in-hole variables, providing an up-to-date view of the well. Alan Frazer will continue as president of Tecton.
Alan stated, “With the acquisition by ThermaSource Tecton will have the ability to add more capacity to meet the increasing demand for mud logging services.” ThermaSource, LLC provides expertise to geothermal developers interested in the discovery and development of geothermal resources for power generation and direct use applications. ThermaSource, LLC services include resource assessment, geological exploration, drill rigs with experienced crews, drilling fluids, cementing solutions and now, geothermal well logging. “The acquisition of Tecton Geologic solidifies our business strategy as the exclusive, preferred turn-key service operator in the geothermal industry,” said Louis E. Capuano, Jr., President and CEO of ThermaSource, LLC. For more information about ThermaSource, visit www.thermasource.com.
Author: ThermaSource, originally sent through Business Wire here.
ThermaSource Expands, SR Geothermal Company Booms on Alternative Energy
Flush with an infusion of money from investors, a Santa Rosa geothermal company is rapidly expanding as energy companies search for steam to fuel new power plants in response to high oil and natural gas prices.
Author: Michael Coit, Press Democrat
Click here for the full article.
ThermaSource, LLC Completes $41.5 Million Private Equity Financing
ThermaSource LLC, one of the fastest growing providers of drilling, engineering and consulting services to the renewable geothermal energy sector, is pleased to report the completion of a new round of private equity financing, raising $41.5 million from Riverstone Holdings LLC, US Renewables Group, and Rustic Canyon Partners. ThermaSource is using these resources to finance the acquisition of geothermal drilling rigs and to develop the associated drilling services including engineering, mud-logging, cementing and exploration. The initial equity investment in February of 2007 by Riverstone and US Renewables Group was $20 million. To date, ThermaSource has raised $93 million of equity and debt over the past two years. The company expects to double employment, from 210 currently to more than 420 by the end of the year, as it expands operations domestically and internationally. “This equity investment represents a solid endorsement of our business strategy, which indicates we are delivering on our business plan and have established a platform for long term, sustained growth,” said Louis E. Capuano, Jr., president and CEO of ThermaSource LLC. For more information about ThermaSource, visit www.thermasource.com
About Riverstone Holdings LLC
Riverstone Holdings LLC and The Carlyle Group jointly sponsor the Riverstone/Carlyle energy funds. Riverstone, a New York-based energy and power-focused private equity firm founded in 2000, has approximately $13.7 billion under management. Riverstone conducts buyout and growth capital investments in the midstream, upstream, power, oilfield service, and renewable sectors of the energy industry. To date, the firm has committed $8.5 billion to more than 51 investments across each of these five sectors, involving $70 billion of assets.
The Carlyle Group is one of the world’s largest private equity firms, with over 60 funds across four investment disciplines (buyouts, venture & growth capital, real estate and leveraged finance) totaling more than $81.1 billion under management. Carlyle’s more than 575 investment professionals operate out of offices in 21 countries in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America, covering a wide range of industries (aerospace & defense, automotive & transportation, consumer & retail, energy & power, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media).
About US Renewables Group
US Renewables Group, LLC was formed to manage a series of private equity funds (including USRG Power & Biofuels Fund I, LP and USRG Power & Biofuels Fund II, LP) that acquire, develop and operate renewable power and clean fuel assets. To date, the firm has made investments in geothermal, biomass, solar thermal, landfill methane, ethanol, biodiesel and associated infrastructure, and has approximately $575 million under management. USRG has offices in Los Angeles and New York. For more information, visit www.usregroup.com.
About Rustic Canyon
Rustic Canyon Partners is an early stage venture capital firm that invests in exceptional entrepreneurs building transformational companies. The investment team works collaboratively, drawing on a diverse set of experiences as successful entrepreneurs, managers, and strategic and financial advisors. With over $900 million in funds under management, Rustic Canyon is one of the largest firms based in Southern California, with strong presence in Silicon Valley and Seattle. Key investment themes include Internet/media convergence, clean technology, technology-enabled services, information services, and wireless and wireline broadband. For more information on Rustic Canyon, visit www.rusticcanyon.com
Odessa fabricator builds rig specifically for geothermal drilling
For 35 years, MD Cowan has built drilling rigs, developing a market for its Super Single® rig for use in the nation’s oil and gas fields. Now the Odessa-based company is branching out into alternative energy.
Author: Mella McEwen, Midland Reporter Telegram
Click here for the full article
ThermaSource, Voted One of the Best Places to Work for 2008
NORTH BAY, July 28, 2008 - The NORTH BAY BUSINESS JOURNAL named a record 57 winners for its third annual Best Places to Work competition
Click here for the full article from the North Bay Business Journal,
Beyond the Boardroom: Louis E. Capuano
As oil and energy costs continue to skyrocket, we’re all looking for viable, “green” alternatives. Enter ThermaSource, a local company that’s become an international player in the world of geothermal (that is, steam) energy.
Alexandra Russell, a columnist from the North Bay Biz Magazine features ThermaSource President & CEO Louis E. Capuano, Jr. in Beyond the Board Room
SR's ThermaSource rides wave of steam
ThermaSource, a Santa Rosa geothermal company, is in the midst of major expansion as energy companies scramble to find steam for new power plants as oil and natural gas prices hover near record highs.
Author: Michael Coit, Press Democrat Click here for the full article
Full Steam Ahead
Sun, water, wind! You’ve seen the commercial: A little boy races around his kindergarten class squealing, “Sun, water, wind!” It’s PG&E’s promotional paean to “green” sources of renewable energy. Curiously, California’s leading green energy resource isn’t mentioned. Yet here in our very own North Bay back-40, a geological wonder that’s tied to the Pacific’s famed Ring of Fire produces more of California’s renewable electricity than wind and solar combined.
Author: P. Joseph Potocki, North Bay Biz Magazine
Click here for the full article
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VOTED One of the Best Companies to Work for in the North Bay for 2008 and 2009.