Research & Commentary: Study Shows Potential Economic Pain in North Dakota if Fracking Is Banned on Federal Lands
January 15, 2021
By Tim Benson
$500 Million In Lost Tax Revenue, $8.3 Billion In Lost Income, $22.9 Billion Lost Value Added Through 2040
A new study from the School of Energy Resources at the University of Wyoming (UW) lays out how a ban on hydraulic fracturing (“frackingâ€) on federal lands would lead to “significant fiscal and economic losses†in North Dakota through 2040.
The Fiscal and Economic Impacts of Federal Onshore Oil and Gas Lease Moratorium and Drilling Ban Policies, commissioned by the Wyoming Energy Authority and the New Mexico Oil and Gas Association and released in December 2020, shows how the Roughrider State would suffer under both a moratorium on new leasing ventures and an outright ban on fracking altogether, which President-elect Joe Biden has pledged to impose.
https://www.heartland.org/publications-resources/publications/research--commentary-study-shows-potential-economic-pain-in-north-dakota-if-fracking-is-banned-on-federal-lands
