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Tag Archives: nd department of mineral resources

Bakken asset sales require background check – regulators

To prevent inexperienced buyers taking control of infrastructure in Bakken asset sales, North Dakota regulators require background checks before approval. (Image: Range Resources Corp. Handout photo)

Last week North Dakota’s top energy regulator admitted he was concerned about investment groups such as hedge funds buying oil assets in the state. According to Reuters media, this concern is prompting Department of Mineral Resources Director Lynn Helms to run background checks on potential buyers. During a monthly conference call Helms said he is worried that some buyers will ...

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North Dakota regulators mull easing pipeline spill fine

BISMARCK, N.D. — 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. The North Dakota Industrial Commission, a three-member all-Republican panel led by Gov. Jack Dalrymple, approved the sanction in June against Woodlands, Texas-based Summit Midstream Partners and ...

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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

(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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