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Hems held the monthly "Director's Cut" briefing this week.
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The companies say they will finish the uncompleted wells.
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If oil prices exceed $94.69 per barrel for three consecutive months, the extraction tax would go back to 6 percent.
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The goals are higher than North Dakota's current targets
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Texas continues to be the top oil producing state in the US.But now, there’s a race for second place.North Dakota has been second – but New Mexico is…
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Bismarck is hosting the annual Williston Basin Petroleum Conference this week.But there was some uncertainty going into it."We were concerned, coming…
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"As flat as you can ever see."That's how North Dakota Mineral Resources director Lynn Helms described October oil production numbers, compared with…
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A program to plug and reclaim orphaned oil wells, using federal coronavirus relief funds, will continue through the end of the year.The program uses money…
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The Legislature’s Budget Section has okayed the repurposing of $16 million in CARES Act funding from a program to reclaim oil wells to paying for fracking…