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ND HCR3027

Concurrent Resolution

Official Source

Status

Passed

4/7/2017

Primary Sponsor

Roscoe Streyle

Click for details

Origin

House of Representatives

65th Legislative Assembly

AI Summary

  • Direct the Legislative Management to study the estimated fiscal impact to North Dakota of refracturing existing oil wells
  • Include analysis of estimated costs and benefits related to tax collections and potential tax incentives for refracturing operations
  • North Dakota statewide oil production exceeded 418 million barrels in fiscal year 2016
  • Research by the Energy and Environmental Research Center showed a small increase in oil recovery percentage could result in billions of additional barrels of production
  • Legislative Management must report findings, recommendations, and any required legislation to the 66th Legislative Assembly

Legislative Description

A concurrent resolution directing the Legislative Management to consider studying the estimated fiscal impact to the state of refracturing existing oil wells.

Last Action

Filed with Secretary Of State 04/07

4/7/2017

Committee Referrals

Energy and Natural Resources2/22/2017

Full Bill Text

No bill text available