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Bill takes aim at disputes between North Dakota royalty owners and oil companies

Bill takes aim at disputes between North Dakota royalty owners and oil companies The companies say theyre allowed to deduct from royalty checks the costs of removing impurities and transporting oil and gas, but mineral owners argue they never agreed to that practice in the contracts they signed to lease their land.ย  Written By: Jeremy Turley | ร— An oil well pumps at sunrise in western North Dakotas Bakken Formation. Forum News Service file photo BISMARCK โ€” A grou...
North Dakota United States Williston Basin Bob Skarphol Todd Kranda Todd Slawson

Mineral owners seek lawmakers' help in addressing oil, gas royalty concerns

Some North Dakota mineral owners report they have seen as much as two-thirds of the oil and gas royalties they expect to receive in a given month disappear as Bakken producers take deductions to move the products down the processing chain, and theyรขย€ย™re asking for lawmakers to help stop the practice. The oil industry is pushing back, saying that such change might cause oil development to dry up and would discourage companies from investing in pipelines and other infrastructure needed to acco...
North Dakota United States Barry Biggs Todd Kranda Dakota Petroleum Council Petroleum Council

Bill takes aim at disputes between North Dakota royalty owners, oil companies

Bill takes aim at disputes between North Dakota royalty owners, oil companies The companies say theyre allowed to deduct from royalty checks the costs of removing impurities and transporting oil and gas, but mineral owners argue they never agreed to that practice in the contracts they signed to lease their land.ย  Written By: Jeremy Turley | ร— An oil well pumps at sunrise in western North Dakotas Bakken Formation. Forum News Service file photo BISMARCK โ€” A group o...
North Dakota United States Williston Basin Bob Skarphol Todd Kranda Todd Slawson

Energy regulators target irresponsible corporate heads; other bills address gas storage, contamination

North Dakota regulators want greater authority to go after corporate leaders who flagrantly disregard spills and other environmental problems in the oil patch. The proposal was among several significant bills related to energy and the environment heard during the first week of the legislative session. Lawmakers also are considering measures tied to storing natural gas underground and cleaning up contaminated property. Senate Bill 2064 would allow the state to penalize corporate officers deemed ...
North Dakota United States Billings County West Fargo University Of North Dakota Troy Coons

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