Industry: New ND oil rules could curb drilling
BISMARCK, N.D. (AP) — An industry representative says new North Dakota oil regulations will cost companies up to $400 million annually and could discourage drilling.
BISMARCK, N.D. (AP) — An industry representative says new North Dakota oil regulations will cost companies up to $400 million annually and could discourage drilling.
The Legislature's Administrative Rules Committee on Wednesday approved the new rules that include raising bond limits for drillers and banning liquid waste pits at most well sites. The new rules that take effect April 1 also will require companies to disclose the recipe for fluids pumped underground for hydraulic fracturing.
North Dakota Petroleum Council President Ron Ness says industry backed many of the rule changes. But he says North Dakota's new regulations are now among the most onerous in the nation and will raise the cost of doing business in the state.
Ness says the new rules will increase the cost of each new well by up to $400,000.
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