North Dakota’s oil industry held relatively steady in April, with average daily production at 1.17 million barrels—slightly down from March but still 6.5% above revenue forecasts. The price of oil hovered around $65 per barrel, reflecting continued global volatility driven by geopolitical[...]
Tag: Department of Mineral Resources
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Facing oil patch slowdown, North Dakota regulators revive COVID-era drilling waiver
With oil prices stuck well below last year’s levels, North Dakota regulators are giving drillers more time to wait out the market. A new order extends the window for bringing newly drilled wells into production—buying companies an extra year, or until 2027[...]
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State’s mineral resources director says industry in transition
Nathan Anderson, the newly appointed director of the North Dakota Department of Mineral Resources, recently returned to his hometown of Minot to discuss the state’s energy outlook at a quarterly meeting of the American Petroleum Institute’s Bakken Chapter. With a wealth of[...]
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Oil Production Tax: Large Trigger ‘Likely’ to Hit
Department of Mineral Resources Director Lynn Helm’s is walking back from his previous opinion that the larger of North Dakota’s oil production lower tax triggers is unlikely to be reached. [...]Read More... from Oil Production Tax: Large Trigger ‘Likely’ to Hit
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North Dakota Oil and Gas Officials Request Corrections to Inside Energy Story
Inside Energy published an article recently that shined light on inconsistencies with reporting and transparency within the Department of Health and Department of Mineral Resources regarding oil and brine spills. State officials took exception to the article and requested corrections from Inside Energy[...]
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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 More... from Lynn Helms Briefs Industrial Commission on Oil Field[...]
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More Conflicts in State’s Oil Regulatory Model?
A dispute between a landowner and three oil companies over the reclamation and remediation process surrounding salt water injection wells has forced the State into the awkward position of being both adjudicator and defendant in the same case. [...]Read More... from More Conflicts in[...]
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Lynn Helms Talks Oil Prices, Rig Counts, & Flaring
In his monthly industry report, the Department of Mineral Resources director gave his frank opinion on the impact dropping prices will have on drilling activity and a progress report on meeting our flaring goals. It’s excellent coverage form Forum News Service’s April Baumgarten.[...]
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Black Hills Trucking Reaches Settlement With Dept. of Health, Agrees to Pay 10% Fine
The oil field trucking company operated for six years without a permit. In February, a Dept. of Mineral Resources inspector witnessed them illegally dumping produced water directly on a road. The Dept of Mineral Resources is also pursuing charges. [...]Read More... from Black[...]