The chairman and officials of the Three Affiliated Tribes will meet today with state officials to talk about terms in an oil tax compact that allow the state to collect oil taxes on reservation wells and split the revenue.
North Dakota regulators mull easing pipeline spill fine
North Dakota regulators are considering easing a record $2.4 million fine levied against a Texas company for a pipeline spill that spewed saltwater and oil for three months before being detected.
Tesoro to Acquire Strategic Logistics Assets in the Bakken
Tesoro Corporation (NYSE:TSO) ("Tesoro") has agreed to acquire Great Northern Midstream LLC ("Great Northern Midstream"), a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston Basin of North Dakota.
ND Oil Tax Trigger Does Not Take Effect, Saves State Millions
A price trigger exemption for oil companies in the state would have gone into effect this month if the North Dakota legislature hadn't voted to repeal the bill in the most recent session.
Pipeline reclamation program brings landowners, companies to the table
Rough ground, uneven surfaces, vegetation not returning to its normal state and noxious weed control are thorns in the side of landowners who have permitted companies access in laying pipelines through their property.
North Dakota inspectors take on rail safety program
Both inspectors for a state rail safety program - aimed to prevent such fiery derailments involving crude oil as happened this year near Heimdal - have been hired and are training with federal inspectors.
ND best-run state again but oil prices offer 'true test'
The financial news and opinion website 24/7 Wall St. has named North Dakota as the nation's best-run state for the fourth consecutive year, but this year's top ranking comes with a cautionary note.
A forthcoming decision by Iowa regulators is just one of the approvals needed across four states for a proposed Bakken oil pipeline, but may prove the biggest hurdle.
U.S. shale oil producers pummeled after OPEC decision
Fears low oil prices will persist for years sent shares of U.S. crude producers tumbling on Friday after OPEC failed to agree on a unified output cap, effectively letting its 13 members pump at will under a policy aimed in part at squeezing out U.S. rivals.
