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Colorado ranked fourth in the amount of revenues doled out to the states, trailing New Mexico, Wyoming and Louisiana.
WASHINGTON — Colorado is getting $153 million of more than $18 billion in revenues generated by energy production on federal and tribal lands in fiscal year 2023, which ended on Sept. 30.
Colorado ranked fourth in the amount of revenues doled out to the states, trailing New Mexico, Wyoming and Louisiana.
The Department of the Interior’s Office of Natural Resources Revenue said that the funds for states and tribes will help them pursue a variety of conservation and natural resource goals, including irrigation and hydropower projects, historic preservation initiatives, conservation of public lands and waters, and investments in maintenance for critical facilities and infrastructure on public lands.
“Responsible natural gas and oil development continues to bring incredible economic and conservation benefits to communities across the nation,” said Stephanie Meadows, spokesperson for the American Petroleum Institute. “We are proud that the development of natural gas and oil, both onshore and offshore, allows the United States to reinvest back into important areas such as education, infrastructure and conservation.”
> Read the full story at Colorado Politics.
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