govt-and-politics

Legislation aimed at addressing mineral owners' concerns about royalty deductions passed the North Dakota Senate on Friday after a compromise was worked out with the oil industry to rewrite the bill.Senate Bill 2217 aims to address…

Support Local Journalism Your membership makes our reporting possible.…

Oil and gas companies, working interest owners and mineral owners “share proportionally in the enhanced value of the oil or gas from the downstream sale,” he said.Deductions help determine the value of the gas at the well when it’s first…

The House Finance and Taxation Committee voted 9-5 to amend the legislation and recommend it to the full House for further consideration.The amendment contains one provision upon which the two sides did not agree. The Petroleum Council…

“We have corporations and partnerships that provide protections for certain individuals, and we felt by passing this bill we would violate those protections, and CEOs, boards of directors could now be held liable for things they would…