A gas flare burns in front of an oil pump jack near Killdeer, North Dakota, on Feb. 1, 2024. (Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — A bill to create tax incentives for oil drilling outside of North Dakota’s primary production areas passed the Senate on Monday, along with a possible study of the rising number of low-producing…
Oil well pump jacks operate near Killdeer, North Dakota on Feb. 1, 2024. (Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Nearly half of North Dakota oil wells now qualify for a tax exemption as low-producing wells, contributing to a reduction in tax revenue projections for the upcoming budget cycle. But even if technology advancements lead to higher oil…
Injecting carbon dioxide into oil wells to enhance oil recovery could have significant economic impacts for North Dakota, officials said Jan. 28, 2025. (Kyle Martin/For the North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — North Dakota could see another $9 billion in oil tax revenue over 10 years if oil companies begin injecting carbon dioxide into oil wells on a…
BISMARCK, N.D.–North Dakota regulators say drillers set a record for oil production in July. The Department of Mineral Resources says the state produced an average of 1.44 million barrels of oil daily in July. That was up from the previous record of 1.42 million barrels a day set in June. North Dakota also produced a record 2.94 billion cubic feet…
