Contact Us

Budget Deal Cuts Mineral Payments To Wyoming And Other States

Rich Denison, Townsquare Media

WASHINGTON (AP) — Wyoming, New Mexico and other states will lose more than $400 million in mineral payments over the next decade under a budget deal nearing final approval in the Senate.

A provision in the budget deal preserves a 2 percent fee charged by the government on royalties from energy companies that purchase oil and gas leases on federal land. The fee effectively set a 51-49 split, favoring the federal government, on energy royalties.

The government last year paid $2.1 billion to 35 states under the program, with the largest payments going to five Western states: Wyoming, New Mexico, Utah, Colorado and California.

Wyoming would lose about $19 million next year and nearly $200 million over the next decade. New Mexico would about lose $10 million next year and Utah, $2.8 million.

Best of K2 Radio

Recommended For You

Around the Web

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://k2radio.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for K2 Fan Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive K2 Fan Club contests, events, coupons, presales, and much more delivered to you for FREE.