Western Energy Alliance

Critics Say Outdated Oil-and-Gas Royalty Rate Costing CO Millions

Critics Say Outdated Oil-and-Gas Royalty Rate Costing CO Millions
Every year, the Obama administration pushes to raise the royalty rate on onshore oil-and-gas production, looking to channel more of the profits from extraction on public lands to federal and state coffers. The efforts have been unsuccessful. Today’s 12.5 percent rate hasn’t changed since the 1920s. Analysts say that low rate has cost Colorado taxpayers an estimated $300 million since Obama took office in 2008.
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