Colorado receives $112.5 million in 2018 energy revenues

Ryan Zinke
Ryan Zinke

More than $112.5 million was dispersed to Colorado during the 2018 fiscal year, the latest revenues from energy production on federal land in the state.

The dispersement was part of $8.93 billion in payments nationwide from the Interior Department Office of Natural Resources Revenue.

“For a second year, energy disbursements are up, this year by $1.82 billion, for a total of $8.93 billion that will be shared with states and tribes,” said Interior Secretary Ryan Zinke. “This critical source of funding will be used for educational and infrastructure improvements and land and water conservation projects and to create good-paying American jobs.”

The increase in disbursements — $20.5 million for Colorado — was attributed in part to higher oil  prices and increased oil production.

According to statistics tracked by the U.S. Energy Information Administration for 2017, nearly 131 million barrels of crude oil and almost 1.7 trillion cubic feet of natural gas were produced in Colorado. More than 12.6 million tons of coal were produced in 2016.

For the 2018 fiscal year, a total of $1.78 billion in energy revenues was distributed to 35 states as their share of revenues collected from oil, natural gas and mineral production on federal lands and federal waters off their shores.

Colorado ranked third among the states in the latest disbursements, behind New Mexico with $634.9 million and Wyoming with $563.9 million. Louisiana received $91 million and Utah $76 million.

In addition to state disbursements, more than $1 billion was disbursed to American Indian tribes and individual Indian mineral owners, $1.22 billion to the Reclamation Fund, $893 million to the Land and Water Conservation Fund, more than $76 million from Gulf of Mexico Energy Security Act revenues to the Land and Water Conservation Fund and $150 million to the Historic Preservation Fund. The remaining $3.5 billion in energy revenues went to the U.S. Treasury.

Since 1982, the Office of Natural Resources Revenue has disbursed more than $302 billion in mineral leasing revenues. The ONRR makes most disbursements on a monthly basis from the royalties, rentsand bonuses it collects from energy and mineral companies operating on federal lands and waters.