On Wednesday, Sept. 18, the North Dakota Petroleum Council held its 38th Annual Meeting in Watford City. Mandan, Hidatsa, and Arikara (MHA) Nation Chairman Mark N. Fox addressed the council and guests on the tribes’ many energy accomplishments this year, including the historic tax compact with the state.
The North Dakota Petroleum Council gathers state and national energy partners for several days of meetings and updates on oil and natural gas development. The event also includes officer elections and other council business.
Chairman Fox presented during the second day of the Annual Meeting. In his speech, Chairman Fox discussed 2019’s historic tax compact between the MHA Nation and the state of North Dakota.
“The North Dakota Petroleum Council supported us in our efforts, which we appreciated,” said Chairman Fox. “We also appreciated the State Legislature and Governor Burgum who together worked with the MHA Nation in amending the Oil and Gas Tax Agreement.”
The compact increased the MHA Nation’s share of tax revenue generated from the Fort Berthold Indian Reservation’s numerous oil wells. The split provides the tribes with 80 percent of tax revenue produced on trust land, with the state receiving 20 percent. The state receives 80 percent of tax revenue generated on fee land, with the tribe receiving 20 percent.
“We all understood the importance of a stable tax environment,” said Chairman Fox. “We also agreed that increasing the MHA Nation’s share of revenue from the development of our trust lands in turn significantly boosts the North Dakota economy.”
The tax split is expected to provide the MHA Nation with an additional $33 million in revenue over the next two years, which will go toward improving tribal services and infrastructure.
The MHA Nation’s support of responsible energy development continues through Chairman Fox’s second term. Since first elected in 2014, Chairman Fox has overseen massive improvements in tribal services, benefits and infrastructure.
Over the last five years, the MHA Nation has invested millions in road construction and repair, new schools, housing and increased law enforcement. The Fox Administration has also dedicated funds to improving fire and emergency services. The MHA Nation’s investment in oil and natural gas plays a significant role in North Dakota’s economy.
“Economic benefit flows to our cities where the wholesalers and retailers in Dickinson, Williston, Minot, Bismarck and Mandan realize the MHA Nation’s investment in energy development,” said Chairman Fox.