Tag Archives: bakken

Wells operate in the oil fields of Texas, where an oil boom is also under way but in a bit of a lull currently. Forum News Service file photo

North Dakota, With Some of the Highest Oil Tax Rates in the Nation, Is Hardly a “Cheap Date”

North Dakota, With Some of the Highest Oil Tax Rates in the Nation, Is Hardly a “Cheap Date”

Our left wing friends like to live in a fairy tale land where North Dakota is some noxious petrostate in the thrall of corrupt politicians who have sold out to the Big Oil barons. Of course, this fairy tale has little to do with reality, which is why Democrats struggle to win elections in North

Crews work at an oil well site near Williston, N.D., on Wednesday, Oct. 12, 2016. Amy Dalrymple/Forum News Service

We Should Use a Term Other Than “Spill” for Oil Field Incidents That Don’t Result in an Actual Spill

Environmental activists, many of whom would like to stop the development of oil resources entirely, like to talk a lot about oil spills in North Dakota. Which, on the face of it, is entirely fair. Oil spills are unequivocally bad. Nobody wants them to happen. When they do happen the public should be aware of

North Dakota Sales Tax Revenues up Nearly 10 Percent in 2018’s First Quarter, but the Increases Were Mostly in Oil Country

With lawmakers probably looking at more budget belt tightening in their 2019 session which begins in January news of increased tax revenues is very welcome. That’s exactly the news we got today from Tax Commissioner Ryan Rauschenberger’s office. “Taxable sales and purchases for January, February and March 2018 were nearly $4.1 billion, a 9.55 percent

Unfortunately for North Dakota’s Democrats Oil Tax Revenues Were up 25 Percent in 2017

Ever since the Republican-controlled Legislature passed reforms to North Dakota’s oil tax code during their 2015 session, eliminating a tax exemption triggered by low oil prices and lowering the top tax rate, our Democratic friends have been griping that this was a gimme for the oil industry. Some of their candidates, notably Tax Commissioner candidate

Landowners Steve and Patty Jensen are shown Tuesday, Sept. 26, 2017, in their former wheat field near Tioga, N.D., where an oil pipeline spilled 20,600 barrels four years earlier. Amy Dalrymple / Bismarck Tribune

It Turns Out Oil Spills Aren’t the End of the World

Reasonable people understand that oil is a product that’s necessary to the quality of life we enjoy today. We all benefit from oil development because we’re all using oil every day of our lives. One day some other energy source, or combination of energy sources, may replace oil. That day is not today, or any

Ryan Zinke, Secretary of the Department of Interior, was keynote speaker Wednesday at the Williston Basin Petroleum Conference in the Bismarck Event Center. Tom Stromme / Bismarck Tribune

Podcast: “We’ve Gone From Surviving to Thriving”

Live on location at the Williston Basin Petroleum Conference yesterday I interviewed a number of people from North Dakota’s oil and gas industry about the state of affairs in the Bakken play. We talked about recovering oil prices, a new sense of optimism, and the challenge of North Dakota’s chronic labor shortages. “We’ve gone from

A gas flare in western North Dakota.

North Dakota’s Flaring Problem Has Its Roots in Excessive Regulation

The environmental activism aimed at impeding, and sometimes even blocking, the build-out of energy infrastructure such as pipelines and refineries/processing plants is bad for the environment. Don’t believe me? Witness the problems the oil and gas industry is having in addressing the flaring issue here in North Dakota. Back in 2014 our state developed, along

A drilling rig is pictured near Lake Sakakawea near New Town, N.D., on Thursday, Sept. 8, 2016. Some fear that uncertainty about who owns the minerals under the lake will deter oil development in the area. Amy Dalrymple/Forum News Service

Why Is the North Dakota Land Board Trying to Cost Taxpayers Billions of Dollars?

For some reason Attorney General Wayne Stenehjem’s office is, on behalf of the North Dakota Board of University and School Lands, still fighting to claim mineral rights under Lake Sakajawea. In case you haven’t been following along, here’s some of the back story. Lake Sakajawea is a man-made lake created when the federal government damned

File Photo: Flares and lights from oil wells dot the horizon on the Fort Berthold Indian Reservation, just over the Missouri River from New Town, North Dakota November 1, 2014. REUTERS/Andrew Cullen/File Photo

Double Taxing the Oil Industry Is a Good Way for the Three Affiliated Tribes to Lose a Lot of Money

UPDATE: A reader points out that the Three Affiliated Tribes owns their own oil development company called Missouri River Resources. That seems like a very big conflict of interest. A tribal-owned oil company is going to be operating at a distinct advantage under a dual state-and-tribal tax regime. Back during their 2015 session North Dakota lawmakers removed

Mark Zuckerberg Visited North Dakota’s Oil Patch and Found an Undeniable Truth About Oil: We Need It

Earlier this week Facebook founder Mark Zuckerberg visited Williston, North Dakota. He specifically took a close look at the oil industry there, coordinating with the North Dakota Petroleum Council to visit an oil rig. He also discussed life in the oil patch with a group of residents there, then wrote about it. On Facebook, naturally.

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