February 7, 2007
Texas Issues First Geothermal Energy Lease on Gulf Coast
Austin, Texas [Associated Press] Texas has awarded the state's first lease for geothermal energy production to a company planning to explore the renewable energy's potential along seven Gulf Coast counties. Ormat Technologies, Inc. paid $55,645, or $5 an acre, for the right to explore 11,129 acres for pockets of hot water and steam under the ocean floor.
http://www.renewableenergyaccess.com/rea/news/story;jsessionid=FE92EA7ED42325A63A8CCB251A64E35E?id=47370