(Bismarck, ND) — Oil produced in North Dakota and shipped on the Dakota Access Pipeline is more expensive. Regulators know this is due to the war in Iran but they don’t know how much the higher prices are benefiting the state. Justin Kringstad is the director of the North Dakota Pipeline Authority and he tells the North Dakota Monitor that royalty owners, producers and the state all split the profits. There are 26 active drilling rigs in North Dakota, but few companies have indicated they will add rigs for the increased demand. Before the war, oil production was slightly under revenue forecasts but those numbers are expected to increase with the reports from March.
