Nation's Second Largest Oil Producer Has First Rate Problems - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Nation's Second Largest Oil Producer Has First Rate Problems

Posted: Updated:

 

The second largest oil-producing state in the country deals with first rate problems that come with the territory.

As North Dakota continues to set month over month oil production records, how is the State faring on producing infrastructure solutions in those regions?  

A new study finds that when compared with other oil-producing states, North Dakota falls drastically short in revenue -- both for oil extraction and gross production taxes.  The North Dakota Association of Oil and Gas Producing Counties says this creates under-funding on the local side.

"Because they are dealing with the brunt of the activity right now in western North Dakota, we don't feel that the citizens in western North Dakota should have to pay a penalty for providing such an opportunity for the rest of the state.  We just ask that they're compensated fairly," says Brady Pelton, Deputy Executive Director, ND Association of Oil and Gas Producing Counties.

The Association notes one-third of the revenue goes to the Legacy Fund, which cannot be touched by legislators until 2017.  However, they say in some states, local entities are accessing that money for infrastructure projects.  "Potentially, the Legacy Fund could be a source of revenue for that, either through low interest loans out of that pool of money or direct funding," says Pelton.

The North Dakota Association of Oil and Gas Producing Counties emphasizes out-migration of young people is no longer an issue in the State -- so more funds should be earmarked to improve quality of life.  

 

  • Bismarck/Mandan NewsMore>>

  • Boy Scouts Clean Construction Sites for Community Service

    Boy Scouts Clean Construction Sites for Community Service

    Friday, April 18 2014 8:21 PM EDT2014-04-19 00:21:26 GMT
    Boy Scouts know when they sign up they'll be doing some community service. So, when a couple of crews signed up to collect trash at some local construction sites, it was expected. What they didn't expect,
    Ethan Porter and Scout crews 123 from Bismarck and 54 from Mandan brought about 30 people to clean up garbage near some construction sites.
  • Killdeer Residents Speak About Oil Boom Effects

    Killdeer Residents Speak About Oil Boom Effects

    Friday, April 18 2014 7:08 PM EDT2014-04-18 23:08:27 GMT
    A day after the Dyad shutdown, Killdeer residents share the impact of the oil boom on their community. The oil business brings all types to this once quiet town. Everything is affected... from restaurants
    A day after the Dyad shutdown, Killdeer residents share the impact of the oil boom on their community. The oil business brings all types to this once quiet town. Everything is affected... from restaurants
  • Dyad Environmental Statement on Health Dept. Order

    Dyad Environmental Statement on Health Dept. Order

    Friday, April 18 2014 6:44 PM EDT2014-04-18 22:44:51 GMT
    "Dyad Environmental is a new company, who began processing TENORM less than 30 days after posting a $1.25M bond, and spending two years obtaining appropriate permits and licenses.
    "Dyad Environmental is a new company, who began processing TENORM less than 30 days after posting a $1.25M bond, and spending two years obtaining appropriate permits and licenses.
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.