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LLOG Exploration Company LLC

04/21/2026 | Press release | Distributed by Public on 04/22/2026 14:18

Fervo Geothermal, Backed by Devon Energy and John Arnold, Plans IPO

ExpandWith funding and permitting secured and construction underway, Fervo Energy's Cape Station project in Utah is on track to begin commercial operations in 2026. (Fervo Energy)

Nissa Darbonne

April 21, 2026 02:59 PM CDT

Key Takeaways

Fervo's lateral approach is less expensive than the typical geothermal development's vertical well approach.
Devon Energy first invested in Fervo and has lent its drilling and completion expertise to the geothermal company.
John Arnold is a Houston-based investor known for having a portfolio in energy.

Devon Energy- and John Arnold-backed geothermal power developer Fervo Energy plans to IPO its fracture-stimulated, horizontal formula borrowed from oil and gas shale operators.

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LLOG Exploration Company LLC published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 20:18 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]