North Dakota’s Oil & Gas Industry has a Problem; Well Power, Inc. (WPWR) has the Solution
The Wall Street Journal earlier this week reported on a dispute between land and mineral-rights owners and one of the biggest oil producers in North Dakota regarding the value of natural gas burned off in gas flaring. According to the WSJ article, Continental Resources Ltd. wants to pay state taxes and royalties on the natural gas that it was allegedly forced to burn-off rather than sell for profit due to the state’s inadequate supply of pipelines, which would ideally carry the gas away along with the flow of oil. As it stands, North Dakota regulators allow oil producers to flare…