I don’t think it is going to last.
Natural gas flaring regulations:
According to current North Dakota state regulations, producers can flare natural gas for one year without paying taxes or royalties on it, and can ask for an extension on that period due to economic hardship of connecting the well to a natural gas pipeline. After one year, or when the extension runs out, producers can continue flaring but are responsible for the same taxes and royalties they would have paid if the natural gas went to market.
So they have to pay taxes on it, even if they would lose money bringing it to market. Wow...only government could come up with something so stupid.
Didn’t know that. Thanks.