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Well Drilling and Completion Capital Cost, 4, -- Assume cost continues to decrease from 4.8 (https://houston.innovationmap.com/fervo-energy-drilling-utah-project-2667300142.html)
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Reservoir Stimulation Capital Cost, 78, -- $1M/well estimated
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Exploration Capital Cost, 30
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Well Drilling and Completion Capital Cost, 3.84, -- Assume cost continues to decrease from $4.8M/well (https://houston.innovationmap.com/fervo-energy-drilling-utah-project-2667300142.html)
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Reservoir Stimulation Capital Cost, 234, -- 78 wells @ $3M/well
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Economic Model, 3
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Starting Electricity Sale Price, 0.15
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Ending Electricity Sale Price, 1.00
@@ -58,15 +57,15 @@ Gross Revenue Tax Rate, 0
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Inflated Bond Interest Rate, .05
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Inflated Equity Interest Rate, .08
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Inflation Rate, .02
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Investment Tax Credit Rate, 0
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Investment Tax Credit Rate, .3
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Inflation Rate During Construction, 0.05
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Property Tax Rate, 0
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Time steps per year, 10
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Maximum Temperature, 500
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Surface Plant Capital Cost Adjustment Factor, 0.78, -- pad drilling reduces surface CAPEX by 22% https://www.resfrac.com/blog/digesting-the-bonkers-incredible-off-the-charts-spectacular-results-from-the-fervo-and-forge-enhanced-geothermal-projects
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