Feds Cut Mineral Revenue To States

Utah to Lose $8.7M in Mineral Revenues: by Bonneville Research Sequester Costs Western States Millions in Mineral Revenue. The sequester will cost energy states tens of millions of dollars in mineral revenues, a move that has sparked anger - and surprise - among some state officials who say they should have been informed sooner. The U.S. Department of the Interior will shave about $110 million from monthly payments for oil, gas and coal production on federal lands, the department told 36 state treasurers in letters sent last Friday. Those cuts, amounting to about 5 percent of funds that totaled about $2.1 billion last year, will begin immediately and last at least through July. Hardest hit are Wyoming, New Mexico, Utah and Colorado. Top 10 States Impacted by Mineral Payment Cuts (in millions of dollars) State Federal mineral lease payment 2012 Cuts in 2013 Wyoming $995.2 $53.1 New Mexico $488.2 $26 Utah $164.6 $8.7 Colorado $157.8 $8.4 California $111.6 $5.5 North Dakota $64.5 $3.2 Montana $47.3 $2.5 Nevada $26.8 $0.6 Alaska $16.6 $0.6 Louisiana $11.8 $0.35 Source: U.S. Department of the Interior, Office of Natural Resources Revenue