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Oil and Wind Energy: North Dakota Update. Dr. Cole Gustafson Feb. 9 , 2011. North Dakota Production. July 2010 – 321,042 BOPD July 2010 – 320,371 MCF/D 5,051 Producing Wells. Courtesy: Neset Consulting. Williston Basin Deposition - ND. Courtesy: Neset Consulting. Relative Thickness.

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oil and wind energy north dakota update

Oil and Wind Energy: North Dakota Update

Dr. Cole Gustafson

Feb. 9, 2011

north dakota production
North Dakota Production
  • July 2010 – 321,042 BOPD
  • July 2010 – 320,371 MCF/D
  • 5,051 Producing Wells

Courtesy: Neset Consulting

williston basin deposition nd
Williston Basin Deposition - ND

Courtesy: Neset Consulting

relative thickness
Relative Thickness

Courtesy: Neset Consulting

nd bakken and three forks
ND Bakken and Three Forks

Courtesy: Neset Consulting

mud motors
Mud Motors

Drillpipe

Courtesy: Neset Consulting

Non-magnetic Drill Collar

Bent Sub

Mud Motor

Rotating Sub

road repair

Rebuild Gravel Road

$300,000/mile

Road Repair

Paving $1,000,000 / mile

Graveling

$3600 /mile

Courtesy: Neset Consulting

slide9

262 ft

242 ft

Overall Diameter

Incl. Hub: 252 ft

wind generation in north dakota
Wind Generation in North Dakota
  • Operational:
    • Turbines 770
    • Rated Capacity 1223 Mw
  • Under Construction:
    • Rated Capacity 76 Mw
  • Planned:
    • Rated Capacity 6684 Mw
power generation capacity in north dakota
Power Generation Capacity in North Dakota

MegawattsPercent

  • Wind 1223 21
  • Hydro-Electric 515 9
  • Coal-Fired 4071 70

Total 5809 100

some back of the envelope numbers
Some “Back-of-the-Envelope” Numbers…

Rough Cost at 39% Capacity Factor: ¢/kWh

Capital Cost ($2.2Million/MW, 6%, 23 yrs): 5.2 ¢/kWh

Land Lease: 0.1 ¢/kWh

O&M / Insurance: 0.9 ¢/kWh

Property Taxes: 0.2 ¢/kWh

Total Estimated Cost: 6.4 ¢/kWh

Less Offsets…

Production Tax Creditor 30% Treasury Grant

Accelerated Depreciation

Renewable Energy Credit Sales

Net Cost After Tax -- Less than 4¢/kWh

local economic impacts langdon
Local Economic Impacts - Langdon
  • 106 1.5mw towers
  • $500 million investment, $1 million lease payments, $456,000 local tax payments
  • Met tower (2004), FPL (2006)
wind local government issues
Wind - Local Government Issues
  • Large Wind – Infrastructure, labor, housing community services
  • Small Wind – Zoning, siting, setback, inspections, complaints, decommissioning
  • Taxation/investment
  • Purchasing – How much?
  • Generation – Where? Size? Own/Contr.?
www ndsu edu energy
www.ndsu.edu/energy
  • Common Landowners Questions on Wind Lease Contracts
  • Basics of Farm/Residential Small Wind Turbines
  • Wind Energy Development: Key Financial Considerations
  • Managing Your Expectations - Sizing a Small Wind Turbine To Your Land
  • Understanding Wind Energy Leases
  • Public Involvement and Land Issues Relating to Wind Projects
investment risk comparison
Investment & Risk Comparison

Project Developer

  • Transmission Risk
  • 2-3 years wind studies
  • Engineering $$$
  • Permitting Risk
  • Operating Risk
  • Market Risk
  • Tax Risk

Landowner

¼ to ½ acre ofland per turbine

Revenue:

$4-$6000/turbine/yr

Cost: $3-5 Million/turbine

power curve generation vs wind speed

6 - 8 MPH

Cut-in

1475 kW @ 26 MPH

250 kW @ 13 MPH

Power Curve:Generation vs Wind Speed

Reaches Rated Capacity

at 26 - 31 MPH

56 - 62 MPH

Cutout

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