Saturday, April 6, 2019

ND Crude Oil Extraction And Production Taxes -- A Study -- April 6, 2019

Google: anyone who has a "vested interest" in Google search and actually pays attention to Google search complains about the Google search algorithm.

Another pet peeve: blog sites that don't date their posts.

North Dakota oil and gas tax revenue study released. Link here, undated. Data points:
  • study "sponsored" by the North Dakota Petroleum Council and the Western Dakota Energy Association
  • Geoff Simon is the Executive Director of the WDEA
  • the purpose of the study: to review the oil and gas extraction and gross production tax collections by the state of North Dakota, from 2008 - 2018
  • from 2008 - 2018: $18 billion for the state
  • accounted for almost 44% of the total tax revenues collected by the state during that period
  • over the past five years, oil and extraction and production taxes accounted for more than 50 percent of all tax revenues collected by the state
Never mind ... it looks like I posted the results of this study back on January 25, 2019. See pet peeve above. 

ND oil taxes. From an earlier post:
Crude oil:
  • extraction tax, 5% of the gross value of oil production at the well
  • gross production tax (in lieu of property tax), 5% of the gross value of oil production at the well

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