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Saturday, December 23, 2017

Merry Christmas, North Dakota, From All Of Us At US Oil -- December 23, 2017 (Christmas Card Signed By CEOs Of CLR, OAS, WPX, EOG, STA, Just To Name A Few)

Legacy Fund data here (unfortunately this just shows the deposits, not the net asset value). 

North Dakota state government site: Legacy Fund.

North Dakota budget: probably easiest to read is at Ballotpedia.

North Dakota state office of management and budget.

December deposit:


Memo to North Dakota State Treasurer: I don't think anyone would mind if the state rounded off monthly deposits to the nearest $10 but noting the "80 cents" is a nice touch.  

BOE (back of the proverbial envelope):
  • the January, 2017, deposit: $30,835,935.50
  • the December, 2017, deposit: 44,430,940.80
  • dollar delta: $13,595,005.30 (note: I often make simple arithmetic errors)
  • percentage delta: an increase of 44.09%, 
  • or rounded, almost 44%, 
  • and in my simple mind, it increased 50% from the beginning of the year. 
  • If I had the time (and interest), I could find the December, 2016, data, and my hunch is that year-over-year (December, 2016, to December, 2017), the increase was more than 50%
Ah, yes, "the end of the beginning for the Bakken."

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