Energy payments to states in US West plummet in 2020
December 6, 2020
BILLINGS, Mont. (AP) — Payments to states in the U.S. West have plummeted for oil, natural gas and coal extracted from U.S. lands after low crude prices and the pandemic slowed drilling and mining in many areas in 2020, according to federal data.
Nationwide, payments to states for drilling on public lands and in U.S. waters were down by $630 million, or about 26%, in fiscal year 2020 compared to the previous year, revenue data released by the U.S. Department of Interior on Friday shows.
New Mexico suffered the biggest fiscal hit, with U.S. government disbursals for energy production dropp...