Harold Hamm has halted drilling on North Dakota because of the low price. He said margins are gone. Instead he is investing in oil fields in Argentina. So much for America First or Drill Baby Drill! #oil #jobs #revenue | Vern Thompson
1:29
Harold Hamm has halted drilling on North Dakota because of the low price. He said margins are gone. Instead he is investing in oil fields in Argentina. So much for America First or Drill Baby Drill! #oil #jobs #revenue | Vern Thompson
194.8K views3 months ago
FacebookVern Thompson
North Dakota oil production resilient even as prices have declined
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Oil pipeline in North Dakota in limbo
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Watching for a drilling slowdown in North Dakota
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North Dakota nearing 5 billion barrels of oil drilled, Helms says focus on CO2 needed to maximize drilling potential
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Watch the full episode: https://www.youtube.com/watch?v=ZZyi1xQKv28 Direct oil taxes make up a big part of North Dakota’s revenues, some $8 million every day on average, but ND Petroleum Council president Ron Ness says oil activity – drilling and exploration – also produce a lot of revenue for other tax streams, like income and sales taxes. When the drilling stops, North Dakota takes a hit. #northdakota #politics
2.3K views3 months ago
TikTokplaintalknd
0:51
Watch the full episode: https://www.youtube.com/watch?v=r8DXDxGrbkc With Harold Hamm halting oil drilling in North Dakota, the state, which is extremely dependent on revenues from direct oil taxes and industry activities, will be entering a new reality. #NorthDakota #Politics
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