A Drilling Boom Nobody Sees Coming (Not Oil!)

We’ve seen this movie before. 

Almost a generation ago, the best drillers in the U.S. oil patch turned a marginal rock play into an industrial machine that was solely responsible for the United States becoming a global powerhouse in oil production. 

This wasn’t a single breakthrough, either. Tapping into tight rock formations spread like wildfire across the lower-48 states. Of course, over the last fifteen years our drillers have gotten faster and more efficient with each new drill they completed. 

This quiet discipline took the specific geology underground and turned it into pure energy security. 

Now, all I want you to do is simply flip the commodity. 

Keep the same rigs, the same crews, the same subsurface math, and the same obsession to perfect their drilling techniques. 

But instead of chasing hydrocarbons, soon those drillers will be harvesting temperature.

That’s the core bullish case for Enhanced Geothermal Systems: EGS turns geothermal into a drilling equation — the solution that will unlock a generation of wealth. 

And it’s just in time, too, because AI data centers are turning electricity demand into something the grid can’t politely ignore, and the market is discovering the difference between “clean energy” and “clean baseload.” 

Granted, right now nuclear power is stealing the headlines. 

However, you know as well as I do that a true “all-of-the-above” doesn’t leave us with just one option. Fortunately, we don’t need to just “pick one” when it comes to meeting future power demand. 

That’s where EGS is sneaking into the picture.

Right now, traditional geothermal works best where nature has already built the plumbing.

We’re talking hot water, permeable rock, then tapping into it with the right pressures and the right chemistry. 

Of course, you also need to be at the right place on the map.

This isn’t some new concept, dear reader. 

Truth is, the Department of Energy has had strong ambitions for EGS for years. Our government is effectively betting on that bend, and the DOE’s Enhanced Geothermal Shot set a target to drive geothermal costs down dramatically, with explicit goals around making geothermal a widespread, scalable resource rather than a niche one.

And the market is showing early signs that buyers are serious. 

Here’s the practical, bullish logic chain:

1. The demand shock is real: Data centers and electrification are tightening power markets and forcing grid planners to prioritize firm capacity. When reliability becomes the problem, clean baseload becomes the prize.
2. EGS is one of the few clean pathways that behaves like a power plant. It can run day and night. It’s not a seasonal resource. It doesn’t depend on fuel deliveries… boring in exactly the way utilities and large buyers like it.
3. The skill set that matters is already embedded in the U.S. industry. The early “winners” won’t be the best storytellers, but rather the companies with the best drillers and reservoir engineers. 

Make no mistake, This is how energy transitions actually happen. Not when the tech is “perfect,” mind you, but when the economics start improving fast enough that securing this power source becomes rational.

The Geothermal Winner Nobody Is Pricing In Yet

If EGS is about to have its first true build cycle, the early winners won’t be the people who talk the best.

They’ll be the people who are already deeply familiar with the geology underground. 

I know that that sounds obvious until you remember how most of the investment herd behaves — they wait for the “pure play” story, then they overpay for it after the hard work is already de-risked.

And we’re still in the very early stages of what’s going to take place next.

But here’s the catch… 

EGS doesn’t have to “take over” the grid to matter.

Not even close.

All it needs is to become a clean baseload option that can be permitted, drilled, and built on a timeline that matches the data-center boom and an all-of-the-above federal policy.

Now let me show you exactly who’ll be batting first in this upcoming boom.