Compromise Possible On Unpaid Oil And Gas Royalties

(Bismarck, ND) — A bill is moving forward that would create a compromise between the oil industry and state officials over how unpaid oil and gas royalties are collected. Deductions from royalties for state-owned minerals have been the center of a dispute that has lasted over a year. The House Finance and Taxation Committee amended the legislation to provide a six-year limit on how far the state can go back and collect unpaid royalties before moving it forward.

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