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Senate approves limited tax exemption for development‑incentive oil wells
3169583 · May 1, 2025
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Summary
Senate Bill 2397 creates a temporary gross production tax exemption on the first 250,000 barrels from qualifying development‑incentive wells for up to 36 months and allocates incentive wells to operators based on recent drilling activity; the bill passed the Senate.
The North Dakota Senate approved Senate Bill 2397, which establishes a limited exemption from the 5% gross production tax for development‑incentive wells that meet specified technical and production criteria.
Senator Patton, the conference committee chair, said the measure targets wells that use newer…
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