Scientists with the U.S. Geological Survey (USGS) recently completed a provisional assessment of the electric-grade geothermal resources associated with the low-permeability geologic formations of the Great Basin, USA, where resources are assumed to be accessible using enhanced geothermal systems (EGS) technologies (i.e., the engineering of sufficient permeability to facilitate efficient heat extraction). This assessment required estimation of the accessible resource base (electric-grade heat [>90ºC] at depths where drilling and stimulation are deemed achievable using current technology) and useful resource (heat that can be extracted from the accessible region). Electric-grade heat can be estimated from existing temperature models. The accessible resource base can be estimated as the electric-grade heat that exists at depths shallower than 6 km based on the limitations of current drilling and stimulation technologies, along with evidence for sustained natural fracture conductivity at depth. The useful part of the accessible heat can be estimated as the product of three efficiencies and factors: the heat extraction efficiency, the viable geology factor, and the reservoir spacing efficiency. The accessible and useful parts of the resource can be estimated in units of heat, or in units of electric power using an electrical conversion efficiency, which is a function of resource temperature. We also estimate the ranges for each of the efficiencies and describe the motivations behind the choice of best estimates used for the recent assessment. An analytic solution is provided for the useful resource above any depth (in units of electric power), where efficiency estimation assumes nearly steady heat extraction rates that cool reservoirs to 90ºC over 30 years of power generation.