Last updateFri, 22 May 2020 4pm

End-User News

American Natural Gas & Oil Development Continues Growth

The Department of the Interior’s Office of Natural Resources Revenue (ONRR) reported that revenues generated from energy development on federal lands increased by $2.76 billion dollars over fiscal year 2018, totaling $11.69 billion.

According to the ONRR, in FY2019 over $2.44 billion was distributed among 35 states where energy production on offshore and onshore federal leases takes place. ONRR has shared more than $314.7 billion in mineral leasing revenues over the past four decades, and revenues collected last year increased by 31% over the prior year.

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