More than $108 million was disbursed to Colorado during the 2019 fiscal year, the latest revenues from energy production on federal land in the state.
The money was part of a total of more than $2.44 billion disbursed to 35 states by the Interior Department Office of Natural Resources Revenue (ONRR). Another $1.14 billion was distributed to Native American tribes and individual Native American mineral owners.
“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,” said Interior Secretary David Bernhardt.
The disbursements are part of about $12 billion in total energy revenues collected during the 2019 fiscal year. That’s an increase of 31 percent over the 2018 fiscal year attributed to higher production volumes in oil and natural gas that more than offset lower prices.
The ONRR 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.
Colorado ranks third among the states receiving the largest disbursements. New Mexico received $1.17 billion and Wyoming received $641.11 million. Louisiana received $101.33 million and North Dakota $93.65 million.
According to statistics for 2018 for Colorado, more than 6.5 million barrels of crude oil, 644 billion cubic feet of natural gas and 5.4 million tons of coal were extracted from federal lands.
Nationwide, oil and natural gas development on public lands managed by the Department of Interior accounted for 607,000 jobs and $139 billion in economic output, according to a report for the 2018 fiscal year. Coal production accounted for 36,000 jobs and another $11.5 billion in economic output.
In Colorado, oil, natural gas, coal and other minerals extracted on public lands managed by the Department of Interior accounted for 38,800 jobs and $9 billion in economic output.
In addition to disbursements to states and tribes, the ONRR disbursed $1.76 billion to a reclamation fund and $4.9 billion to the U.S. treasury.