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Tag Archives: department of mineral resources

Could enhanced oil recovery be getting a tax break?

North Dakota’s leading oil industry regulator has suggested the possibility of providing incentives for companies considering using enhanced oil recovery (EOR) methods, reports The Bismarck Tribune. Speaking to the interim Taxation Committee at the state Capitol on Tuesday, Department of Mineral Resources Director Lynn Helms outlined various enhanced recovery techniques. He told the committee that using these methods can sometimes ...

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North Dakota oil well completions slow sharply: Kemp

Many oil wells valve

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – No new well completion reports have been filed in North Dakota since July 10, the longest gap this year, according to daily activity records published by the state’s Department of Mineral Resources (DMR). Completions, rather than wells drilled, provide the best guide to short-term changes ...

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EIA to lawmakers: Plan for oil price volatility

Last week hundreds of lawmakers gathered in North Dakota and listened to the head of the Energy Information Administration speak about how state legislators should plan for a broad range of crude oil prices next year, reports the Forum News Service. Adam Sieminski, EIA administrator, stated that the agency’s forecast for Brent global crude of $70 per barrel for 2016 ...

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Bakken rig count at five year low

As of Monday the number of active drilling rigs in the Williston Basin hit its lowest level since December of 2009, reports KTVQ News. Monday’s number of active drilling rigs was tallied at a paltry 75. On this day one year ago, there were 190 drilling rigs active in the Bakken. The record number of rigs in North Dakota’s Bakken ...

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Oil regulator: Feds public lands rule provides ‘certainty’

BISMARCK, N.D. — North Dakota’s top oil regulator says the recently issued federal rule on hydraulic fracturing is bringing “some certainty” to the oil industry. Department of Mineral Resources Director Lynn Helms says the “long-awaited rule” provides certainty during an unstable time for the industry but also raises “concerns of necessity and duplicity.” The Obama administration is requiring companies that ...

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North Dakota measure would expand energy regulatory body

BISMARCK, N.D. — A Republican lawmaker whose district is in North Dakota’s top oil-producing regions wants to expand the state Industrial Commission from three members to five. The commission oversees the state Department of Mineral Resources, North Dakota’s oil and gas regulatory agency. Besides Gov. Jack Dalrymple, its other members are Agriculture Commissioner Doug Goehring and Attorney General Wayne Stenehjem. ...

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775 Bakken wells awaiting completion

The number of drilling rigs, wells and jobs are declining along with oil prices, according to a report by KX News. Although North Dakota witnessed record production levels and number of active oil wells in November, the continued drop in oil prices is having a visible impact on the region as oil rigs pack up and head out of town. ...

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