News

The Industrial Commission of North Dakota approved $11,624,359 in Outdoor Heritage Fund matching grants for eight conservation and recreation projects benefiting North Dakotans across the state. The funding, generated from oil and gas production tax revenue, supports projects such as access to public and private lands for sportsmen, farming and ranching stewardship practices, fish and wildlife habitat preservation, and outdoor recreation areas.

The North Dakota Industrial Commission (NDIC) appreciates this opportunity to comment on the Proposed Rule Changes as follows:

The State of North Dakota is ranked 2nd in the United States among all states in the production of oil and gas. North Dakota produces more than 525 million barrels of oil and 1 trillion cubic feet of natural gas per year.

The North Dakota Industrial Commission (NDIC) appreciates this opportunity to comment on the scope of the Environmental Impact Study (EIS).

The State of North Dakota is ranked 2nd in the United States among all states in the production of oil and gas. North Dakota produces more than 525 million barrels of oil and 1 trillion cubic feet of natural gas per year.

Bismarck – Results from a comprehensive study on the natural gas liquid (NGL) composition in North Dakota’s produced gas from the Bakken petroleum system was presented today to the North Dakota Industrial Commission. Scientists at the Energy & Environmental Research Center (EERC) conducted this research over the last eight months. It is based on data from over 7,300 wells in the state and included a review of current publications on the subject and simulation scenarios to predict how NGL content might change in Bakken produced gas over the years to come.

BISMARCK – The North Dakota Industrial Commission (NDIC) today approved amendments to the Gas Capture Guidance Policy to provide more transparency into how the gas capture percentage is calculated as well as provide more clarity around requirements within the policy.

Bismarck – The Industrial Commission approved a $50 million interest buydown program to be administered by the Bank of North Dakota (BND) for businesses with decreased revenue related to the COVID-19 pandemic. The program, COVID PACE Recovery II, (CPR II), will be funded by CARES Act dollars assigned to the Bank of North Dakota.

The North Dakota Industrial Commission (Commission) approved funding for two lignite research projects on August 20. Both projects had been evaluated and recommended by the Lignite Research Council earlier in the month.

BISMARCK – The Industrial Commission approved a Bank of North Dakota (BND) request to expand the parameters of the Accelerated Growth Loan Program. The expansion enables technology companies to utilize an increased amount of monthly recurring revenues as a repayment source that allows the loan limit to grow with the company. In addition, BND is increasing its allocation of available funding from $28,000,000 to $47,000,000 in support of the program. The goal is to create an avenue for North Dakota technology companies to access local, lower cost financing.

BISMARCK, N.D. – The North Dakota Industrial Commission is currently accepting applications through September 1, 2020, for the North Dakota Outdoor Heritage Fund Program.

BISMARCK, N.D. – The North Dakota Industrial Commission has established a special grant round and is currently accepting applications through July 17th for the North Dakota Lignite Research, Development, and Marketing Program. This program funds projects that involve research and development of North Dakota’s abundant lignite resources.