the law was supposed to better define oil and gas ownership under Lake Sakakwea
the law was found to be constitutional -- East Central Judicial District judge
lawsuit brought by Rep Marvin Nelson, D-Rolla, former governor candidate Paul Sorum and others
taxpayers argued that they were seeking to prevent the state from "giving away" $2 billion in oil and gas mineral rights in coming years," challenging the law as unconstitutional
lawyers said it was not a giveaway but rather a process to define the boundary of the state's mineral rights
the law ought to clarify ownership of minerals under Lake Sakakawea through a review of the historic ordinary high water mark of the Missouri River as it existed before the Garrison Dam
the state of North Dakota prevailed
the law is constitutional
However:
the second portion of the ruling fell in favor of the taxpayers
the law would reduce state revenues by $205 million by refunding oil royalty, rent and bonus payments
the judge said that applying the law retroactively to oil and gas revenues earned from wells drilled since 2006 is unconstitutional
the statute of limitations: three years
the court preserved $205 million for the state taxpayers
Unclear
whether the ruling meant that the state would have to be refund payments from the past three years
Leave it to the lawyers to come up with a split decision that, at best, remains-
ReplyDeleteUNCLEAR.
Hope they got all their billable hours out of this one
Ah, yes, billable hours. I'm sure the lawyers will do just fine. On both sides.
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