Restriction : Frost Laws

Ovintiv Inc. signaled last month that the focus this year would be Permian Basin oil, and on Monday, the Denver independent advanced those ambitions by striking a nearly $4.3 billion cash-and stock deal to build West Texas inventory.

A judge has ordered the U.S. government to allow oil and gas lease sales to resume on federal lands in North Dakota amid a legal battle over the Biden administration’s halting of the practice two years ago.

The North Dakota Senate gave its unanimous approval this week to a bill that creates a new category of non-producing oil well that gives industry producers time to develop technology to produce more oil from the well.

Oil companies fetching high prices for their product will likely see a reduced tax rate in North Dakota after lawmakers gave a green light to legislation backed by the powerful petroleum industry.

Effective immediately the 40 MPH rule will no longer be a requirement on North Dakota Highway Patrol overweight permits.

The oil and gas industry in North Dakota remains a powerhouse for the state’s economy, accounting for more than $42.6 billion in gross business volume, nearly 50,000 jobs and $3.8 billion in state and local tax revenues in 2021, according to two studies highlighted today by Gov. Doug Burgum, researchers from North Dakota State University and industry officials.

With funding from a federal grant, Bismarck State College plans to offer a free two-week training session later this month that would provide students a foundation to start a career in the oil and gas industry.