The
NewsRoom
Release: #3158
Date: October 19, 2004
States earn $1.24 billion in FY ’04 mineral
revenues
DENVER -- More than $1.24 billion
was distributed to 36 states during Fiscal Year 2004 as part of their
share of federal revenues collected by the Department of the
Interior’s Minerals Management Service (MMS).
The $1,248,693,178 distributed to
states during the fiscal year that ended Sept. 30 compares with Fiscal
Year 2003 payments to states that totaled $1,019,980,807.
“These revenues can be crucial to
states where energy production occurs,” said Johnnie Burton, Director
of the Minerals Management Service. “In many cases,” she said,
“states share their revenues with individual counties and the money is
used for a variety of local needs ranging from school funding to
infrastructure improvements.”
The $1.24 billion distributed
through September of this year represents the states’ cumulative share
of revenues collected from mineral production on federal lands located
within their borders, and from federal offshore oil and gas tracts
adjacent to their state waters boundary.
During Fiscal Year 2004, the state
of Wyoming again led all states by receiving more than $564 million as
its share of revenues collected from mineral production on federal
lands within its borders, including oil, gas and coal production. New
Mexico’s share was more than $364 million, while $80.5 million was
received by the state of Colorado. Other states sharing revenues
included Utah with more than $69 million; Louisiana with more than $39
million; Montana at $30.2 million; California with more than $28.9
million; and Texas, which received more than $15 million in Fiscal
Year 2004.
MMS is the federal agency
responsible for collecting, auditing and disbursing revenues
associated with mineral leases on federal and American Indian lands.
Disbursements are made to states on a monthly basis as royalties,
rents, bonuses and other revenues are collected by MMS.
A state is entitled to a share of
the mineral revenues collected from federal lands located within that
state’s boundaries. Most states receive 50 percent of the revenue
collected from leases on onshore federal land, while the other 50
percent goes to various funds of the U. S. Treasury, including the
Reclamation Fund for water projects. Alaska receives a 90 percent
share as prescribed by the Alaska Statehood Act. States may also
receive appropriations from the offshore royalty-funded Land and Water
Conservation Fund to help them with park and land acquisitions.
In addition, coastal states with
producing federal offshore tracts adjacent to their seaward boundaries
receive 27 percent of those mineral royalties. Remaining offshore
revenues collected by the MMS are deposited in various accounts of the
U.S. Treasury, with the majority of those revenues going to the
General Fund.
Since its creation in 1982, MMS
has collected and distributed approximately $143 billion to federal,
state and American Indian accounts. MMS is one of the largest annual
contributors to the U.S. Treasury.
States
receiving revenues during Fiscal Year 2004 include:
Alabama |
$14,316,127 |
Alaska |
$17,543,935 |
Arizona |
$152,314 |
Arkansas |
$2,365,308 |
California |
$28,931,791
|
Colorado |
$80,531,107 |
Florida |
$24,956 |
Idaho |
$2,172,061 |
Illinois |
$113,909 |
Indiana |
$59 |
Kansas |
$1,519,882 |
Kentucky |
$90,388 |
Louisiana |
$39,621,446 |
Michigan |
$405,314 |
Minnesota |
$11,185 |
Mississippi
Missouri
Montana
Nebraska
Nevada
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon |
$1,165,829
$711,805
$30,294,623
$20,027
$2,651,062
$364,957,736
$119
$6,155,005
$350,454
$4,756,477
$11,470 |
Pennsylvania
South Carolina
South Dakota
Tennessee
Texas |
$27,852
$102
$473,553
$99
$15,212,841 |
Utah |
$69,013,576 |
Virginia
Washington |
$21,774
$472,266 |
West Virginia |
$264,172 |
Wyoming
Total: |
$564,332,554
$1,248,693,178 |
Relevant Web Sites:
MMS Main Website
Media Contacts:
Patrick
Etchart (303) 231-3162
Nicolette Nye
(202) 208-3985
MMS: Securing Ocean Energy & Economic Value for
America
U.S. Department of the Interior
Home | Search |
Topic Index |
About MMS |
What's New
|
Director's
Page | Strategic
Planning | Minerals Revenue |
Offshore Program |
Newsroom |
Congressional Affairs | Advisory
Committees | Library |
Information Quality Guidelines |
FOIA |
Kids' Page |
Privacy Act/Disclaimers |
Links |
Products &
Services | Job Opportunities
|
Navigation Tips |
Contact Us |
Deepwater
Environment | Industry
Awards |
Royalty-In-Kind
| Oil Valuation |
EEO Data - No FEAR Act
Last Updated:
10/19/2004,
12:01 PM
Central Time
|