Wed, Apr 15th, 2020 - 5:14pm
October 24, 2019 - 3:18pm | By Chris Larson
U.S. Secretary of the Interior David Bernhardt announced today that the Department of the Interior’s Office of Natural Resources Revenue (ONRR) disbursed $11.69 billion in Fiscal Year (FY) 2019 from energy production on federal and American Indian-owned lands and offshore areas. This represents a $2.76 billion increase in comparison to FY 2018, and is nearly double the disbursements allocated at the end of the previous Administration at $6.23 billion for FY 2016.
States received $2.44 billion in disbursements, and more than $1 billion was disbursed to American Indian Tribes and individual Indian mineral owners. In addition, $1.76 billion went to the Reclamation Fund; $1.0 billion to the Land and Water Conservation Fund (LWCF); $150 million to the Historic Preservation Fund; and the remaining $5.35 billion to the U.S. Treasury.
“The President believes we can appropriately develop our natural resources and be great stewards of conservation,” said Secretary Bernhardt. “The disbursements paid to states and Tribes from energy development revenues go right back to the communities where the energy was produced, providing critical funding for schools, public services, conservation improvements, and infrastructure projects that create good-paying American jobs.”
Total revenues collected last year increased by 31 percent to approximately $12 billion, continuing a successful upward trend for the Trump Administration. Often the second-highest generator of federal income following taxes, energy revenue disbursements are a critical source of funding to states, American Indian Tribes and individual Indian mineral owners, as well as to the Land and Water Conservation Fund, Reclamation Fund, Historic Preservation Fund and the U.S. Treasury.
ONRR disbursed more than $2.44 billion of the FY 2019 energy revenues to 35 states as their cumulative share of revenues collected from oil, gas and mineral production on federal lands within their borders and from offshore oil and gas tracts in federal waters adjacent to their shores. The increase in disbursements is primarily attributed to higher production volumes in both oil and natural gas, which more than offset the marginal price decrease, creating an overall increase in ONRR disbursements.
North Dakota received 93.65 million dollars.
