North Dakota regulators will hear testimony May 20 on whether oil production at current low prices amounts to wasting natural resources, potentially setting the stage for output restrictions, like those under consideration in Texas and Oklahoma. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The state’s active rig count has plummeted in recent weeks in response to the global oil price crash. In March, North Dakota implemented a waiver program allowing oil and natural gas drillers to keep wells in non-completed or inactive status longer than regulations typically allow. The policy was designed to prevent producers from either bringing more unwanted crude onto the market or being forced to abandon wells completely. Ahead of the […]