Oil Industry Leaders Meet at Williston Summit - KMOT.COM - Minot, ND - News, Weather, Sports

Oil Industry Leaders Meet at Williston Summit

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Oil field investors, developers, businesses, and other industry leaders met at the Williston Summit today talk a little bit about everything that's going on in the Williston Basin.

     Dr. Nancy Hodur of NDSU talked about her research into population projections in Williston, and the surrounding areas.

 In 2010 the census population for Williston was right around 14,000 thousand people. That number only includes permanent residents. To get her projections Dr. Hodur uses 2 models, the employment and housing models. Both take into account permanent and temporary residents. When you combine both, it's called the service population.

     "We estimate the permanent population now in Williston in 2012 up close to 18,000 and the service population of over 33,000," said Assistant Research Professor at NDSU Dr. Nancy Hodur.

 The service population in Williston and the six surrounding townships is close to 40,000. Housing in going up as fast as it can in Williston, and Hodur says if everything that has been approved to be built is, the service population in Williston and surrounding townships is going to climb even higher.

     "5 years out we're at an estimated population of about 53,000 with Williston and six surrounding townships," added Hodur.

 Increasing a population that much, means more power will be needed to not only supply electricity to homes, but the oil field will also be demanding more power.

      "McKenzie County demand increasing 339% and Williams County increasing 232%," said Mike Wamboldt, who works for Kadrmas, Lee and Jackson.

Wamboldt says in 2032 there will be more than 35,000 wells in the Williston Basin. Couple that with all the housing coming online, and the power needed is through the roof.

      "We'll be going from about 971 megawatts in 2012 to a little over 3,000 megawatts in 2032," Wamboldt added.

 The population projections used in this story have all been based on the housing model. Both models project about the same numbers, and Hodur says that is a good thing.

     "It doesn't as though the city is in any danger of overbuilding in the near term," added Hodur.

In 2017 Hodur projects the service population in Williston alone will be between 40 and 44,000, and Williams County will be between 66 and 68,000.

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