Task force aims at incentives for oil drillers amid virus
May 7, 2020
BISMARCK, N.D. (AP) — Hoping to avoid what North Dakota Gov. Doug Burgum has called a potential "economic Armageddon," state and industry officials have formed a group intended to help oil and gas producers recover from falling crude prices due to meager demand amid the coronavirus outbreak.
State Mineral Resources Director Lynn Helms announced the Bakken Restart Task Force on Wednesday as the number of oil wells in the state has decreased by more than 40% in recent weeks and oil production hit its lowest level in five years.
Helms said in a statement the group is focused on proposals for...