Utah Federal Royalties Decline

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) -- Utah's royalties from oil, gas and mineral production on federal land declined sharply in the federal fiscal year that ended in October.

The U.S. Interior Department announced Utah's share was $135 million. Last year's take was $173 million.

The Interior Department's Minerals Management Service says the decline was due to a drop in natural gas prices earlier this year.

Utah collects royalties on oil and gas production primarily, plus coal and geothermal production and lease sales of federal lands.

Wyoming was the big winner. Federal statistics show Wyoming collected more than $925 million in federal royalties.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast