ND SCR4010

Directs the Legislative Management to study postproduction deductions from royalty payments in North Dakota's oil and gas industry.

Study must examine methods for calculating oil and gas value, point of sale determinations, arm's-length contract sales, deductions and incentives applied to value, and reporting methods on mineral royalty statements.

Study must include input from oil and gas industry representatives, royalty owner organization representatives, department of mineral resources, department of trust lands, attorney general's office, and other state agencies.

Legislative Management must report findings, recommendations, and any required legislation to the Sixty-seventh Legislative Assembly.

Resolution cites North Dakota's production of over 420 million barrels and over $2 billion in oil and gas tax revenue in fiscal year 2018, with production estimated to continue for 50 more years.