03905 Stripper wells 2 7-30-13 ddt
About a third of North Dakota’s oil wells are considered to be “stripper wells” – that is, marginal wells.
Those wells continue to operate at lower tax rates.
The 2013 Legislature considered an overhaul of tax policy – that would have ended the stripper well exemption, in exchange for a lower tax rate on future wells. Lawmakers rejected the idea, but made a few tweaks to the law.