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Senate rejects study on creating state-owned oil and gas association
Summary
The North Dakota Senate voted down Senate Concurrent Resolution 40-26 on March 10, 2025, rejecting a request to study whether the state should establish a state-owned association for oil and gas development and production.
The North Dakota Senate voted down Senate Concurrent Resolution 40-26 on March 10, 2025, rejecting a request to direct Legislative Management to study whether the state should establish a state-owned association for oil and gas development and production.
The Senate Energy and Natural Resources Committee recommended a do-not-pass on SCR 40-26. Senator Angus, presenting the committee report, said the committee’s concerns included the high capital requirements of oil production, intense competition from large multinational firms and the risk that a state-owned enterprise would create ethical and market…
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