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Feds Pay Alaska $19 Million For Oil, Gas Development

By | November 19, 2013 - 5:05 pm

The Department of Interior announced Tuesday it paid Alaska $19 million over the previous year for oil and gas development on federal land in the state.

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That’s a few million more than the 2012 disbursement but a fraction of the billions Alaska reaps each year from oil development on state–owned lands like Prudhoe Bay.

The government pays states a portion of the rents, royalties and bonuses it takes in from energy and mineral production.

The state with the biggest federal disbursement in the  past year was Wyoming, at nearly $1 billion. The smallest payment – a mere $38 — went to North Carolina.

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