Tag: Oil & Gas Taxes

Bill seeks to expand North Dakota’s oil footprint with tax breaks

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By: Jeff Beach, North Dakota Monitor |

A bill seeks to encourage drilling for oil outside of North Dakota’s highly productive Bakken Formation and take advantage of the Trump administration’s desire for U.S. energy dominance.  “Drill, baby, drill is real,” Ron Ness, president of the North Dakota Petroleum Council said Tuesday, repeating a Republican mantra for oil and gas development.  Ness was

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Revised Forecast Predicts $4 billion Drop in N.D. Oil and Gas Tax Revenue

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by: Josh Wolsky  |  

Legislators will be working off a newly revised revenue forecast as they plan the budget for the next biennium. Lower oil prices and a lower tax rate for oil producers (as a result of the lower prices) will result in $4 billion less in revenue.  

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