Managing the windfall of a milestoneThe North Dakota Legislature will keep perspective in expectation of the huge projected revenues from 1 million barrels of oil Maxine Herr For Petroleum News Bakken
North Dakota is on the verge of unprecedented wealth.
As production of a million barrels of oil per day has come within reach, the dollar signs can’t be ignored.
In December 2012, the state projected oil tax revenue for the 2013-2015 biennium to reach $5.3 billion. This was based on 850,000 barrel....
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The legislature’s first order of business An enormous safety net
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