N. Dakota tax bills pique industry interest

Taxes: North Dakota House mulls oil-industry tax measures

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By Luke Johnson & news reports

 23 January 2013 19:34 GMT

A pair of bills facing the North Dakota legislature could have a significant impact on oil and gas drillers who have transformed the frigid US state into a producing behemoth.

One of the bills, HB 1179, would amend a decades-old tax exemption for "stripper wells", generally defined as those that produce less than 30 barrels per day.

Once a stripper well has been identified as such, it carries the designation for its life span. The tax exemption also applies to any well drilled within the leased area of a stripper well.

But as new technology has revived many old wells - and since leased blocks are often as large one square mile - it is not uncommon for a previously…

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