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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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Global markets are showing some uncertainty – because of the vote in England to leave the European Union.Oil prices were not immune – dropping to under…
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The state Industrial Commission has approved authorizing the Department of Mineral Resources to allow one year waivers for marginal wells – that would be…
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The nation’s largest oil and gas trade association is still bullish about the industry even with a dramatic slide in oil prices.Our Inside Energy Reporter…
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The director of North Dakota’s mineral resources department expects the number of drilling rigs operating in the Bakken to drop – because of lower oil…
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A revenue forecasting working group has decided to lower its expectations on the price of oil.That will go into a new revenue forecast for the…
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Markets have been panicking on news of falling oil prices.For most people across the country, the only discernable impact has been a drop in gas prices.…
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State mineral resources director Lynn Helms says he thinks the price for Bakken crude has hit bottom – but he’s expecting 2014 to be a soft year for oil…