Interior Disburses $101.3 Million in FY 2019 Energy Revenues to Louisiana
WASHINGTON, D.C. –– U.S. Secretary of the Interior David Bernhardt announced today that Interior’s Office of Natural Resources Revenue (ONRR) disbursed $101.3 million in Fiscal Year 2019 energy revenues to Louisiana. This represents an increase of $10.3 million from the previous year’s total. The funds are derived from energy produced on federal and Indian lands, as well as U.S. offshore areas.
“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.
“President Trump has taken historic action to unleash American energy production, reversing years of bad policy and regulatory overreach," said Congressman Clay Higgins. "Louisiana understands the importance of the oil and gas industry, which employs thousands of families and provides the state with critical revenue. We’ll continue working with President Trump and his administration to promote American energy and the important revenue-sharing programs, like GOMESA, that benefit Louisiana.”
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.
The top states receiving FY 2019 revenues were:
- New Mexico $1.17 billion
- Wyoming $641.11 million
- Colorado $108.05 million
- Louisiana $101.33 million
- North Dakota $93.65 million
- Utah $71.69 million
- Texas $65.12 million
- California $47.27 million
- Alabama $34.04 million
- Mississippi $33.18 million
- Montana $29.99 million
- Alaska $25.91 million
In evaluating the overall impact of energy development on public lands, the Department of the Interior (Department) released an economic impact report for FY 2018. From the report, oil and gas produced from Department-managed public lands and waters supported an estimated $85.4 billion in value added, $139 billion in economic output, and 607,000 jobs.
A complete list of states receiving revenues and FY 2019 disbursement data will be available on the Natural Resources Revenue Data portal located at https://revenuedata.doi.gov.