Open Range: How North Dakota Trust Lands Protect Education, Property, and the Future
Together, they break down how more than 2.6 million mineral acres and 706,000 surface acres are managed to generate long-term wealth for public education and key state institutions, with total net assets exceeding $11.4 billion as of mid-2025.
Commissioner Heringer explains how disciplined land stewardship, responsible mineral development, and strong investment returns have driven massive growth in the Common Schools Trust Fund, now approaching $8 billion. These funds deliver nearly 24% of the state’s per-student K-12 funding, providing meaningful property tax relief while strengthening schools, universities, veterans programs, and public services across North Dakota.
This conversation pulls back the curtain on record oil and gas royalties, smart investing, and transparent oversight that protect trust lands for future generations. Open Range makes one thing clear: when trust lands are managed wisely, North Dakota families reap the rewards.
