New Rule to Increase Mineral Leasing Payments
Issue Brief 16-33
July 8, 2016
On July 1, the Office of Natural Resources Revenue (ONRR) published a final rule amending its regulations for determining the value of fossil fuels produced on federal lands. The rule is part of a broader effort to modernize energy regulations, and is expected to increase the amount of annual royalties paid to the federal government and states.
This Issue Brief summarizes the final rule and provides information about the flow of federal leasing royalties to states.