Oil Revenue Keeps Increasing
Oil revenue continues to be a boost to Roosevelt County’s economy as the county ranks second in the state for quarterly distribution based on oil production.
Roosevelt County Commissioner Gordon Oelkers said that initial reports are that the wells north of Lanark Road are coming in play strongly.
“If that’s the truth, they will keep on rolling,” Oelkers said.
The report, for the quarter ending on June 30, shows that the county had distributions of $3,144,128.81 for the time period. Collections were $6,878,426.82. The distribution to county government was $1,226,839.06. For the quarter ending on March 31, Roosevelt County had collections of $5,773,755.16 As far as distributions to county schools based on oil activity in the school districts, Bainville received $1,107,389.20. The Culbertson School District received $125,372.86.
Other school districts in the county included Poplar with $24,255.15, Froid with $15,785.95, Wolf Point with $7,672.73, Frontier with $5,363.12 and Brockton with $1,367.13.
Richland County was the top county in the state for collections with an amount of $23,668,589.45. Distributions were $11,235,479.45. Two of Richland County’s school districts received more than $1 million each through the process.
Fallon County ranked third in Montana with collections of $5,467,731.21.
