U.S. Secretary of the Interior David Bernhardt announced today that the Department of the Interior’s Office of Natural Resources Revenue disbursed $11.69 billion in Fiscal Year 2019 from energy production on federal and American Indian-owned lands and offshore areas. This represents a $2.76 billion increase in comparison to fiscal year 2018. The funds are intended to provide critical funding for schools, public services, conservation improvements, and infrastructure projects that create jobs. Wyoming received $641.1-million which was the second highest amounts paid to a state. New Mexico received the highest disbursement in FY 2019, and it is the greatest allocation received in the state’s history at $1.17 billion. Since 1982, ONRR has disbursed more than $314.7 billion in mineral leasing revenues. Interior’s Office of Natural Resources Revenue makes most disbursements on a monthly basis from the royalties, rents and bonuses it collects from energy and mineral companies operating on federal lands and waters.
Jackson Hole Radio
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Covering the Tetons since 1965