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State oil royalties will create opportunity

Published 12/04/2012, The Jamestown Sun

Oil royalties from North Dakota school lands represent part of the state’s property tax solution — and more. North Dakota has been aggressive in making mineral leases on school lands available for drilling, to the point that two-thirds of those lands in the Oil Patch have been, or soon will be, drilled. Royalties from the producing wells on school lands go into a trust, from which the interest helps fund public education in the state.

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