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North Dakota tax revenues fall $215M short of projections

Inside the North Dakota State Capitol, the House Of Representatives. (Image: Timothy Vogel via Flickr)

BISMARCK, N.D. — North Dakota continues to see less-than-expected tax collections due to declining oil drilling activity. Office of Management and Budget Director Pam Sharp says overall tax revenues through December are about $215 million less than projected. Most of the drop comes from weakened sales tax revenue, which provides the biggest share of the budget for North Dakota government. ...

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North Dakota regulators approve Dakota Access Pipeline

BISMARCK, N.D. — North Dakota regulators on Wednesday approved the biggest-capacity crude pipeline proposed to date that would move nearly 600,000 barrels daily from the oil patch to Illinois. Some things to know about the $3.8 billion, 1,150-mile project that crosses four states: WHAT HAPPENED? The North Dakota Public Service Commission had been reviewing Dallas-based Energy Transfer Partners’ permit for 13 months. ...

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North Dakota sour crude wells could stop with poor prices

BISMARCK, N.D. — Decades-old oil wells that pump low-grade North Dakota sour crude are in danger of being shut down if prices hold at near worthless levels, the state’s oil industry group said Tuesday. Sour crude is oil that’s high in sulfur and more difficult to refine than low- or no-sulfur sweet crude. Sour crude represents about 0.5 percent of ...

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Worthless North Dakota Sour priced less than zero dollars

On Friday refiner Flint Hills Resources listed the price its willing to pay for North Dakota Sour at negative fifty cents. (Image: SarahTz via Flickr)

With the oil market still awash with bounties of cheap crude oil, one buyer is asking producers to pay them to take shipments of a particular low-grade Bakken crude, reports Bloomberg. On Friday Koch Industries’ refining branch Flint Hills Resources offered a list price of -$0.50 a barrel for high-sulfur North Dakota Sour crude blends. One year ago that price ...

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Coal lease suspension affects 30-plus mining projects

In this April 4, 2013 photo, coal is loaded onto hopper cars at the Spring Creek Mine near Decker, Mont. At least 30 applications from companies seeking to mine hundreds of millions of tons of coal face suspension as the government reviews its sales of the fuel from public lands, U.S. officials disclosed Friday, Jan. 15, 2016. (AP Photo/Matthew Brown)

BILLINGS, Mont. — At least 30 applications from companies seeking to mine hundreds of millions of tons of coal face suspension as the government reviews its sales of the fuel from public lands, U.S. officials disclosed Friday. The coal leasing program is on hold for up to three years while the Interior Department reviews fees paid by mining companies and ...

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North Dakota airline boardings reflect slump in oil industry

BISMARCK, N.D. — Airline boardings in North Dakota last year reflected the slump in the oil industry, declining after seven consecutive years of growth, and one official is questioning the wisdom of building a $254 million airport in the hub of the western oil patch. About 1.18 million people boarded planes at commercial airports in the state’s eight largest cities ...

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North Dakota oil output rises slightly in November

Looking northwest at the Bernice 1 and 2 wells and oil storage tanks on the Evanson family farm in McKenzie County, North Dakota, east of Arnegard and west of Watford City. (Image: Tim Evanson via Flickr)

BISMARCK, N.D. — North Dakota’s Department of Mineral Resources says the state’s oil production increased by about 5,200 barrels a day in November, while natural gas production rose to a record level. The agency says the state produced an average of 1.17 million barrels of oil daily in November. The November production was about 51,200 barrels per day less than ...

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Fewer Bakken rigs, fewer oil worker deaths

Oil worker deaths in the Bakken were down in 2015, but officials can’t say why just yet, reports The Bismarck Tribune. According to data collected from the Occupational Safety and Health Administration, there were three oil and gas-related worker deaths in 2015 compared to the seven in 2014 and 10 the year before that. Eric Brooks, director of OSHA’s Bismarck ...

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New Bakken U scholarship program to help oil workers begins

Oil and gas workers operating in a north dakota oilfield

FARGO, N.D. — A 28-year-old man who came from Wyoming to work in the North Dakota oil patch is going back to college, thanks in part to a new university system program meant to keep people in the energy industry from leaving the state when times are tough. Warren Logan is the first scholarship recipient for Bakken U, an initiative ...

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North Dakota social funding eases local property taxes

Looking up at the North Dakota State Capitol building in Bismarck. (Image: Timothy Vogel via Flickr)

BISMARCK, N.D. — A North Dakota legislative committee was told Tuesday that a partial state takeover of county social services costs is helping to ease the property tax burden for North Dakota residents, though some lawmakers believe declining oil tax revenues will prevent the state from assuming all of the program costs. “I don’t know where the money is going ...

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