Oil Taxes – TheMinotVoice.com

Bill requiring Legacy Fund disclosure website sees support in North Dakota Legislature

by: MinotVoice | April 7, 2025

North Dakotans may soon get a clearer view of where their $12 billion Legacy Fund is invested. A bill passed unanimously by the Senate would create a dedicated website listing the fund’s holdings—an effort to make public information more accessible and transparent. While some investment details remain confidential due to contract limits, state officials say

Read & Share sourced from: North Dakota Monitor

Alberta Rethinks Well Cleanup Costs: Industry May Pay, Not Taxpayers

by: MinotVoice | April 5, 2025

Alberta is rethinking how it handles its growing backlog of inactive oil and gas wells—and this time, the public might not be left with the bill. A new version of a government-commissioned report recommends the province manage an industry-funded insurance program, rather than relying on taxpayer money for cleanup. It’s a shift that follows public

Read & Share sourced from: The Canadian Press

North Dakota sees uptick in oil wells that qualify for tax exemption

by: MinotVoice | March 15, 2025

North Dakota’s oil boom once filled the state’s coffers, but the landscape is shifting. Nearly half of the state’s oil wells now qualify for a tax exemption designed for low-producing wells, cutting into tax revenue faster than lawmakers anticipated. Even if production picks up through new technology, those wells will keep their exemption under current

Read & Share sourced from: North Dakota Monitor

North Dakota’s Oil and Gas Industry Drives Record $48.8 Billion Economic Impact

by: MinotVoice | March 12, 2025

NDSU researcher Dean Bangsund joined Gov. Kelly Armstrong and North Dakota Petroleum Council President Ron Ness on Tuesday, March 11, to discuss the $48.8 billion economic impact of the oil and gas industry in the state. The press conference at the State Capitol in Bismarck highlighted findings from an NDSU study examining the

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

By: Jeff Beach, North Dakota Monitor | February 5, 2025

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

Read & Share sourced from: North Dakota Monitor

Oil Prices Rebound Enough in May to Nullify Oil Production Tax Break Trigger

by: Josh Wolsky | June 1, 2015

— Official News Release, ND Tax Commissioner — Tax Commissioner Ryan Rauschenberger provided a detailed summary of the current status of the North Dakota oil tax and oil tax incentives, better known as triggers, at a news conference today. “Our office has been watching the price of oil very closely,” said Rauschenberger. “It needed to

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Oil Tax Trigger is Legislated Away, Goes to Governor

by: Josh Wolsky | April 24, 2015

The House approved Senate version of an amended oil tax bill that will do away with oil price tax triggers. The volatility of oil prices combined with the low-price trigger created a lot of uncertainty in forecasting revenues for North Dakota. Full story from Amy Dalrymple.

Read & Share sourced from: Grand Forks Herald

Oil Extraction Tax Reduction For New Wells Announced

by: Josh Wolsky | February 3, 2015

It’s official, the first oil-tax reduction price trigger has been reached. Full news release follows below. — Official News Release, ND Tax Commissioner — Tax Commissioner Ryan Rauschenberger announced an oil extraction tax rate reduction for new wells today at a news conference. This incentive, also known as the “small trigger,” took effect on February

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Legislative Week: Common Core, Medical Marijuana, the First Oil Price Tax Trigger

by: Josh Wolsky | February 2, 2015

A couple controversial issues on the docket in Bismarck this week. AP Writer James MacPherson provides the rundown and more background at Bakken.com.

Read & Share sourced from: Bakken Magazine