North Dakota Statutes

§ 57-51.1-01 — Definitions for oil extraction tax (Effective through June 30, 2031)

North Dakota § 57-51.1-01
JurisdictionNorth Dakota
Title 57Taxation
Ch. 57-51.1Oil Extraction Tax

This text of North Dakota § 57-51.1-01 (Definitions for oil extraction tax (Effective through June 30, 2031)) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 57-51.1-01 (2026).

Text

For the purposes of this chapter:

1."Average daily production" of a well means the qualified maximum total production of oil from the well during a calendar month period divided by the number of calendar days in that period, and "qualified maximum total production" of a well means that the well must have been maintained at the maximum efficient rate of production as defined and determined by rule adopted by the industrial commission in furtherance of its authority under chapter 38-08.
2."Development incentive well" means, as determined and certified by the industrial commission, a well spud after June 30, 2025, which:
a.Utilizes a new or innovative drilling or completion technique that constitutes a technical advancement that has not been previously utilized with demonstrated success by

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Related

Peterson v. Heitkamp
442 N.W.2d 219 (North Dakota Supreme Court, 1989)
16 case citations

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Bluebook (online)
North Dakota § 57-51.1-01, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/57-51.1-01.