Rigzone: North Dakota Hits Oil Tax Revenue Milestone

Link here.

This is the first time the state has surpassed a $100 million benchmark for tax revenue, thanks to production in March, the most recent data available.

From November 2010 to February of this year, oil has brought in tax revenues hovering around $80 million, but in March that number rose to more than $100 million for the first time.

That brought in $20 million more than in February despite a drop in production of about 2,000 barrels.

I talked about this just a couple days ago. What's better: $150/bbl of oil when production is shut in for two months out of three due to blizzards; or $90/bbl oil, spring weather, and more rigs coming on line?

It's a rhetorical question; please don't answer.

By the way, great entry for investors.