ND SB2217

Legislative management shall conduct a study during the 2021-22 interim on deductions for postproduction costs under oil and gas leases in North Dakota.

Study must examine methods to calculate oil and gas value, point of sale determination, arm's-length contracts, deductions and incentives applied to value, and reporting methods on mineral royalty statements.

Study must solicit input from oil and gas industry representatives, royalty owner organizations, department of mineral resources, department of trust lands, and the attorney general's office.

Study must analyze state-mandated natural gas capture targets, federal land permitting restrictions, effectiveness of onsite flare mitigation technologies, and infrastructure necessary to enhance oil and natural gas value.

Legislative management shall report findings, recommendations, and any necessary implementing legislation to the sixty-eighth legislative assembly.