Earlier this month, I posted my projections. Here was that projection.
- high end: $50,088,644
- average: $43,868,722
- low end: $38,280,059
- actual: $46,242,885
Price of Bakken
|
Deposit, Reported
|
Ratio
|
Forecast
|
Price WTI
|
Delta
|
|
Director’s Cut
|
North Dakota State Legacy Fund deposit
|
Deposit divided by price of Bakken oil
|
Based on average ratio and estimated price of Bakken oil
|
Last week of the month
|
WTI - Price of Bakken oil
|
|
EIA data
|
||||||
February 2018
|
||||||
January 2018
|
||||||
December 2017
|
49.25
|
44,431,000
|
902,152.28
|
$60.46
|
$11.21
|
|
November 2017
|
49.75
|
37,479,000
|
753,346.73
|
$58.35
|
$8.60
|
|
October 2017
|
43.56
|
37,220,000
|
854,453.63
|
$55.63
|
$12.07
|
|
September 2017
|
39.56
|
33,461,000
|
845,829.12
|
$51.67
|
$12.11
|
|
August 2017
|
37.93
|
31,803,000
|
838,465.59
|
$47.32
|
$9.39
|
|
July 2017
|
35.83
|
35,319,000
|
985,738.21
|
$49.57
|
$13.74
|
|
AVERAGE
|
863,330.93
|
$11.19
|
||||
*********
|
********
|
*********
|
**********
|
*********
|
**********
|
***********
|
$49.81
|
863,330.93
|
$43,005,391.29
|
$61.00
|
|||
$50.81
|
863,330.93
|
$43,868,722.22
|
$62.00
|
|||
$51.81
|
863,330.93
|
$44,732,053.15
|
$63.00
|
|||
$52.81
|
863,330.93
|
$45,595,384.08
|
$64.00
|
|||
$53.81
|
863,330.93
|
$46,458,715.01
|
$65.00
|
|||
High end
|
Low end
|
|||||
$45,841,364.74
|
$38,280,058.69
|
|||||
Price of Bakken
|
Legacy Fund Deposit Projected
|
Legacy Fund Deposit Projected
|
Legacy Fund Deposit Projected
|
Price WTI
|
||
Projection January 2018
|
$50.81
|
Average
|
High end
|
Low
|
$62.00
|
|
as of Jan 11
|
$43,868,722.22
|
$50,088,644
|
$38,280,059
|
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