North Dakota oil fetched high premium in May for first time in 40 years

By: Jacob Orledge

Outlets: North Dakota Monitor

Published: July 23, 2026

Words: 569

Last Updated: 1 week, 2 days ago

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North Dakota collected an estimated $29 million more in oil tax revenue in May as a result of a pricing anomaly that hadn’t happened in decades.

Justin Kringstad, director of the North Dakota Pipeline Authority, said Wednesday crude oil produced in North Dakota sold for an average of $2.56 more per barrel than the West Texas Intermediate oil price benchmark in May, the most recent data available.

“I had to go back to …

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