3RD LARGEST OIL PRODUCER
ENHANCING ENERGY SECURITY
As the third-largest oil-producing state, North Dakota is helping make the nation more secure and less dependent on foreign energy.
FUNDING OUR PRIORITIES
The oil and natural gas industry accounts for more than 50% of tax revenues which are funding schools, roads, flood protection, and other quality of life opportunities.
INVESTING IN OUR COMMUNITIES
Through several initiatives and program, the North Dakota Petroleum Foundation and its sponsors are giving back through philanthropic donations, programs, and initiatives.
About the Foundation
Promoting best practices in the development of our resources and partnering with others to preserve and build habitat and access to the outdoors.
Providing educational resources about the energy industry to teachers and students, and scholarships to students pursuing a degree in energy.
Fostering opportunities for industry, landowners, state, local and tribal leaders, and others to connect and work together to build stronger communities.
Advancing a better understanding of the industry, the technologies and innovation that drives it and the benefits it provides to our economy and society.
Oil & gas tax revenues up in 2022, funding priorities across the state
The entire State of North Dakota benefits from the oil and gas tax. From infrastructure investments, to education, tax relief, budget stabilization and research investments, the revenue touches every resident in the State in some way.
In all, the Extraction and Gross Production Taxes brought approximately $2.8 billion in fiscal year 2022 for the State. Revenue from the taxes provides financial resources to Constitutional Funds such as the Legacy Fund, Resources Trust Fund, Common Schools, and Foundation Aid.
Oil and gas tax revenue also benefit State Funds like the General Fund, Conservation Grant Fund, Renewable Energy Development Fund, Oil and Gas Research Fund, Outdoor Heritage Fund, Tax Relief Fund, Budget Stabilization Fund, Lignite Research Fund, Strategic Investment and Improvement Fund, and the Abandoned Well and Reclamation Fund.
Finally, oil and gas tax revenue provide funding to Hub Cities, counties, cities, schools, townships, and Impact Grant Funds, in lieu of property tax on the oil and gas production.
The 2022 update of North Dakota’s Oil and Gas Tax Study is complete and there is good news - the revenue from the energy industry’s taxes benefits every person in the state. North Dakota Petroleum Foundation and Western Dakota Energy Association shared the results of...
Bismarck, N.D. – The North Dakota Petroleum Foundation (NDPF) today announced its 2022 Al Golden Scholars. The NDPF awarded scholarships to 10 outstanding students who are pursuing post-secondary education in geology, engineering, processing plant technology, science,...
LEARN MORE ABOUT HOW OIL AND GAS TAXES BENEFIT THE STATE
The North Dakota oil and natural gas industry is integral to the growth and progress of North Dakota’s economy and the nation’s energy security. From job creation and economic contributions, to innovation and investment in the community, North Dakota oil and natural gas is creating opportunities and contributing to a strong future for the state and nation.
Oil and gas production helps grow North Dakota’s economy and supports unprecedented opportunities for entrepreneurs and small business owners in all sectors and supports tens of thousands of good-paying jobs and careers.
With new technology and practices focused on environmental stewardship, North Dakota is leading the way in sustainable development, ensuring continued economic growth, while also protecting our state.
As an economic powerhouse, the oil and gas industry contributes billions in state tax revenues, which allows state and local leaders to invest in our communities and advance possibilities across the state.
North Dakota is the nation’s third-largest oil producer, and oil and natural gas found right here in the Williston Basin is enhancing our nation’s energy and national security.
Technology is changing the way we produce and use our abundant energy resources. Together, North Dakota’s universities and the industry are ushering in a new age of innovation and invention.
Through the North Dakota Petroleum Foundation, North Dakota’s oil and gas industry has helped raise and contribute more than $96,000 for conservation and wildlife habitat projects throughout the state. Working with landowners, the Foundation has planted 134,000 trees in just four years. The Foundation and its supporters also continue to partner with the Mule Deer Foundation to rehabilitate and revitalize habitat in western North Dakota for mule deer and other wildlife.
Planting for the Future
Planting for the Future helps build and improve habitat for future generations through large-scale tree plantings.
Teacher Education Seminar
The Teacher Education Seminar brings 50 teachers together to learn more about the oil and gas industry, tour the oilfield and more.
Bakken Rocks CookFest
The Bakken Rocks CookFest is a free festival that includes free food, music, games and activities for kids, and more.
View the Full Calendar
Whether we need equipment, volunteers or sponsorship support for our events, we can always count on help from the North Dakota Petroleum Foundation and its sponsors and supporters. We’re so grateful to have them as Partners in Conservation.
Our Sponsors and Supporters
2022 PREMIER PARTNERS
Our events and efforts aren't possible without the support of our members. Thanks to all our Premier Partners for their sponsorship! Learn more about becoming a Premier Partner here.