Legislature to Wrestle with Multiple Income Tax Proposals

There are lots of income tax related bills on the legislative agenda this session, Jessica Holdman from the Bismarck Tribune provides a nice overview of the bills and informative commentary from State Tax Commissioner Ryan Rauschenberger.

Read & Share   sourced from: Bismarck Tribune

Low Prices Raise Alarm in North Dakota Oil Patch

The latest national media piece hits all the usual themes, low prices, uncertainty, moving ahead anyway, history of boom and bust, hopeful for a price rebound. You’ve read it before and this won’t be the last one, but when these are published we’ll pass them along.

Read & Share   sourced from: ABC News.com

Labs Testing Yellowstone River Fish After Oil Spill

Montana officials are anxious to see the impact — if any — on fish in the Yellowstone following last month’s oil spill, and that starts with good science. The article here walks you through the sampling and testing process required to get meaningful data.

Read & Share   sourced from: Bakken.com

Shake Shack IPO Portends Shakeup of Fast Food Industry

Shake Shack’s IPO was Friday and investors scooped up stock for the Manhattan-based burger chain driving the price up well beyond the forecast. With the early money betting hungry customers will follow, it’s a single event that illustrates broader changes taking place in the fast-food business.

Read & Share   sourced from: NPR

Where Do the Rigs Go?

As oil prices have dropped, so has the rig count, but where do all the inactive rigs go? It turns out that the law sets a few restrictions on where and for how long. Full story from the Dickinson Press.

Read & Share   sourced from: Dickinson Press

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Oil Patch Surge Funding Passes in Senate

The oil-patch spending bill has grown to more than $1.1 billion, yet it sailed through the Senate nearly unopposed, passing 44-2. The bill is designed fast-track funding for the oil-impacted western part of the state so projects can get underway first thing this spring.

Read & Share   sourced from: Bismarck Tribune

Bill to Encourage Use of Natural Gas Vehicles

The bill would provide financial incentives to retail locations that install natural gas filling equipment and grants to consumers who purchase or convert vehicles to run on natural gas. Full details from Bakken.com.

Read & Share   sourced from: Bakken.com

Revised TENORM Regulations Would Have Significant Economic Impact

You know that low-level radioactive waste left over from oil production, the stuff that’s been in the news recently? It turns out that if we allow it to be disposedĀ of in-state, an enormous amount of money would be saved — some estimates count it at $120 million.

Read & Share   sourced from: Reuters

Why Dump Treated Wastewater When You Could Make Beer With It?

If we can turn sewage into drinking water and then into beer, it begs the question — why are we pumping our used fracking water underground? šŸ˜€

Read & Share   sourced from: NPR

Bakken Construction CEO: Amount of Catch-up, Future Work is High

Stories in the news telling of a ‘Bakken Bust’ have reached a fever pitch recently, but there are a lot of people in the know who are telling a different story.Ā Here’s one of those ‘alternative’ stories that’s worth a read.

Read & Share   sourced from: Bakken Magazine

Lynn Helms Briefs Industrial Commission on Oil Field Related Bills

Department of Mineral Resource Director Lynn Helms briefed the Industrial Commission on bills active in the legislature that may impact management and regulation of oil and gas operations in the state.

Read & Share   sourced from: Bismarck Tribune

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Industrial Commission Calls for Better Monitoring of Pipelines

Gov. Dalrymple’s comments regarding saltwater pipelines from the Fargo Forum article, “We are in the process of developing a comprehensive set of rules regarding that type of line, but we maybe want to accelerate a couple of pieces of that.”

Read & Share   sourced from: InForum

Harold Hamm Comments on Oil Prices and Industry Cut Backs

You’ve heard the pundits comment on the state of the oil boom, but here’s your chance to listen to the guy who’s been more successful than anyone by investing his own money in the Bakken. Spoiler, he’s not betting on a bleak future.

Read & Share   sourced from: FuelFix.com

TENORM Comment Period Extended

The public comment period for the proposed rule changes regarding the disposal of TENORMĀ (low-level radioactive waste produced in oil exploration) has been extended. The period for public comment will remain open until March 2. More more details visit the ND Department of Health Website linked below.

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Yellowstone Spill Estimate Lowered to 30,000 Gallons

Less oil went into the river than originally believed, that’s the good news. The bad news — very little of the oil that was spilled has been recovered.

Read & Share   sourced from: Bismarck Tribune

Blacktail Creek Pipe Was Not Inspected at Installation

The pipe that broke and spilled lots of brine (70,000 barrels) into Blacktail Creek and the Little Muddy River was installed last summer; it wasn’t inspected during the process.

Read & Share   sourced from: InForum