Fervo Energy Surges as Faster Cape Station Drilling Seen Lowering Cost Concerns (FRVO:NASDAQ)

Fervo Is Drilling Wells Deeper, Faster, and Hotter

Enhanced geothermal company Fervo has drilled another well.This one is 19,448 feet deep, the company announced Thursday, and includes a 7,500-foot span laterally across the sub-surface. The well — called Sawtooth 7, part of Phase II of its flagship Cape Station project in Milford, Utah — took 21 days to drill, the company said. That matches the time required to drill the wells in Phase I, though the new one is nearly 35% deeper than those, on av…

Fervo Energy surges as faster Cape Station drilling seen lowering cost concerns (FRVO:NASDAQ)

Fervo Energy reported 143% improvement in drilling rates at its Cape Station geothermal development, with the Sawtooth 7 well reaching a measured depth of 19,448 ft in just 21 days.

Fervo’s $8 Billion Stock Value Tops Ormat — Now Comes the $1 Billion Cost Test

Houston, July 11, 2026, 11:10 (CDT) Fervo Energy Company (NASDAQ:FRVO) closed Friday at $27.13, giving the geothermal developer a $7.99 billion equity value — about 17% more than Ormat Technologies (NYSE:ORA), an established listed geothermal operator worth $6.80 billion. That premium now rests heavily on whether Fervo’s new 21-day drilling record can translate into lower…

Fervo Energy sets drilling record with Sawtooth 7 well

Fervo Energy drilled its Sawtooth 7 well from spud to total depth in 21 days, setting a new company record for drilling pace on its most complex well design to date. The well reached a measured depth of 19,448 ft with a 7,500 ft lateral in a resource with temperatures of 460°F. Sawtooth 7 is … The post Fervo Energy sets drilling record with Sawtooth 7 well appeared first on Drilling Contractor.

Sintana Energy fully funded for multi-country drilling programme

Sintana Energy plc (LON:SEI) is the topic of conversation when Auctus Advisors’ Head of Research Stephane Foucard caught up with DirectorsTalk for an exclusive interview. Q1: Stéphane, I wanted to talk to you today about Sintana Energy. Can you just remind us of their story? A1: I find the story very interesting because it has a very, in my view, unique profile. So, the company has, give or take, a market cap of about £100 million. It’s an explo…