Search results
Results From The WOW.Com Content Network
North Dakota has sued the Biden administration over its suspension of new oil and gas leases on federal land and water, saying the move will cost the state hundreds of millions of dollars in lost ...
Night view of H&P drilling the Bakken. The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of the Parshall Oil Field in 2006, and peaked in 2012, [1] [2] but with substantially less growth noted since 2015 due to a global decline in oil prices.
North Dakota ranks third among U.S. states, after Texas and New Mexico, in crude oil reserves and production, according to the U.S. Energy Information Administration. (Reporting by Richard ...
The U.S. Senate voted Thursday to confirm former North Dakota Gov. Doug Burgum to lead the Department of Interior. ... Burgum’s family has a financial interest in some oil and gas leases in ...
The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...
Federal offshore areas withdrawn from oil and gas leasing. The United States offshore drilling debate is an ongoing debate in the United States about whether, the extent to which, in which areas, and under what conditions, further offshore drilling should be allowed in U.S.-administered waters.
During his 2023 state-of-the-state speech, Burgum likened Hamm to Teddy Roosevelt for his "grit, resilience, hard work and determination" that he said “changed North Dakota and our nation.” The shout-out came after Hamm had donated $50 million toward a library honoring Roosevelt in western North Dakota — a passion project of Burgum's.
An estimate of oil and gas mineral rights owned by North Dakota pegs their value at $2.8 billion, an 18% increase from last year, according to an appraisal released Thursday to the state Land Board.