Absolutely. We call that “measured data”. Somebody has already drilled a well, produced it, and collected all the data possible. You can either repurpose that well or drill a brand new one that's more optimized for geothermal production. Oil and gas wells have a certain diameter. No matter how good your reservoir is, you're only going to get a certain amount of energy out of that diameter of well. If you know the resource is there, but drilled a large well, “fit for purpose” for geothermal, you'd be able to have the benefit of that same data, but more extraction of the energy.
On May 29th, 2018. See this statement in context.