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Bakken Update: Bakken Operators May Get $1 Billion Tax Break

The rise of unconventional oil production has been great for the United States and our goal of attaining energy autonomy. It has been better for states with large oil basins, as production has provided increases in tax revenue. In states like Texas, it has been more of the same, as it has historically been one of the top oil producers. For other states like North Dakota, it has been a huge change. Although we have seen a couple of oil rushes in the past, none have been like this. Because of this, North Dakota hasn't been ready for this type of growth. Texas already had pipe in the ground and gas plants operating. It also had the experience to manage the large amounts of cash added to the state's balance sheet, as it understands the commodity, whether in a bull or bear market.

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Oil is one of… Read More …