Our industry is highly regulated at all levels. In addition to the Environmental Protection Agency and the state regulation of air quality in North Dakota. Newly enacted Bureau of Land Management (BLM) regulations will likely reduce North Dakota’s oil and natural gas production on Federal and Indian Lands and lead to significant financial losses to tribal, state, and federal government over the coming years.
This venting and flaring rule change was signed into law early this year and intended to regulate methane emissions from flaring on federal and tribal lands across the country, however, this same regulation was found to add costs disproportionate to the environmental benefit. These regulatory changes spell significant negative impacts to investments in new and existing projects on federal lands, with the potential for job losses, and significantly lower federal, state and tribal revenues.