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N.D. (AP) – Good news for North Dakota as the state has reportedly reaped more than .1 billion since 2007 by allowing drilling activity on state land.

The state owns about 1.2 million acres in 17 of the western part of the state’s oil producing counties. And almost two-thirds of the state-owned land has an oil well or one likely will be drilled within five years.

State Department of Trust Lands Commissioner Lance Gaebe says the state is now collecting more than $20 million monthly in royalty income, with most of that money going toward public school funding. Money also is paid to a trust fund that can be tapped by the Legislature for special projects.

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