Finance

North Dakota settles mineral, oil rights boundary dispute

By Washington Examiner
Published December 20, 2022 1:22pm ET
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North Dakota settles mineral, oil rights boundary dispute
FILE - In this March 29, 2013 file photo, workers tend to a well head during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, in western Colorado. Wyoming, New Mexico and other states will lose more than $400 million in mineral payments over the next decade under a budget deal nearing final approval in the Senate. A provision in the budget deal preserves a 2 percent fee charged by the government on royalties from energy companies that purchase oil and gas leases on federal land. The fee effectively set a 51-49 split, favoring the federal government, on energy royalties. The government last year paid $2.1 billion to 35 states under the program, with the largest payments going to five Western states: Wyoming, New Mexico, Utah, Colorado and California. (AP Photo/Brennan Linsley, File) | Brennan Linsley

(The Center Square) – About $130 million will be returned to some North Dakota private mineral owners and gas operators as part of a settlement over the boundary of the Missouri River’s ordinary high-water mark.

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Tag:

Mining Money North Dakota Oil