Oil & Gas News

North Dakota sues fed over canceled leases

Bakken, NGL, Tallgrass, North Dakota

By: Laila Kearney – Reuters – North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state.

The complaint, filed late Wednesday with the United States District Court for the District of North Dakota Western Division, said March and June auctions nixed by the federal agencies cost the state $80 million in lost revenues.

“I have taken this action to protect North Dakota’s economy, the jobs of our hard-working citizens, and the states rights to control its own natural resources,” North Dakota Attorney General Wayne Stenehjem said in a statement.

North Dakota is the second-biggest crude oil-producing U.S. state, with the bulk of its tax revenues produced by oil and gas activity. The amount of lost revenue caused by canceled leases could grow into billions of dollars in the coming months, the state argued.  Additionally, North Dakota has seen a steep decline in production and new development as a result of the COVID pandemic.

The Bureau of Land Management and Department of the Interior was not immediately available for comment.

The lawsuit follows a ruling by a federal judge in Louisiana last month blocking the Biden administration’s pause on oil and gas leasing on public lands and waters. 

The order granted a preliminary injunction to Louisiana and 12 other states that sued Democratic President Joe Biden and the Interior Department over the leasing freeze, a key element of the White House’s effort to address climate change.

The crossroads of energy information for minerals owners in Oklahoma. Where you can: See recent prices of mineral and lease transactions. Receive an offer to lease or buy your minerals.

Find relevant news stories on the most active areas, including the Scoop and Stack Plays.

Data Powered by Oseberg

Today’s E&P world is rapidly shifting towards data-driven decision making, but those decisions are only as good as the data behind them. Access Oseberg's deep, accurate, and detailed pool of insight-rich industry data with our powerful analytical and search tools and get the clearest picture of what's happening as soon as it happens.

Disclaimer

This web site is maintained solely for the personal use of our visitors. Although we at Oklahoma Minerals have made all reasonable efforts to provide accurate information, we cannot guarantee the completeness, timeliness or accuracy of the information contained herein. Nothing in this web site contains investment advice. Any decisions based upon the information contained in this web site are the sole responsibility of the user.

Copyright © 2021 OklahomaMinerals.com

To Top
Chesapeake Energy’s future muddied by executive departures, strategy shiftsRead More