skip to main content
skip to newscasts

Wednesday, December 4, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump's pick to lead DEA withdraws from consideration; Report: NYS hospitals' operating margins impact patient care; Summit County, CO aims to remain economically viable in warming climate; SD Gov. sets aside 2026 budget funds for new education savings accounts.

view newscast page
play newscast audioPlay

GOP Senators voice reservations about Kash Patel, Trump's FBI pick. President Biden continues to face scrutiny over pardoning his son. And GOP House members gear up for tough budget fights, possibly targeting important programs.

view newscast page
play newscast audioPlay

Residents in Colorado's rural communities face challenges to recycling, climate change and Oregon's megadrought are worrying firefighters, and a farm advocacy group says corporate greed is behind high food prices in Montana.

Report: Onshore Fed Oil Royalty Rate Unchanged Since 1920

play audio
Play

Tuesday, March 11, 2014   

HELENA, Mont. - There have been calls recently to lift the crude-oil export ban, but a new report makes the case that, before the ban is eliminated, the onshore royalty rate should be updated. It hasn't changed since 1920.

According to Ross Lane, director of the Western Values Project, their report outlines how much Montana would have shared in those royalties if the rate matched what's charged for offshore drilling, and it amounted to nearly $9 million in 2012. Lane said that if crude-oil exports are allowed, production on the Bakken oil field in Montana and North Dakota will grow, and the state could put the money to good use.

"Folks in Eastern Montana are seeing those impacts every day," he said. "I'm sure there are folks who have high-paying jobs, but there's also projects like building new roads, or building new water treatment facilities, or building new schools."

The federal royalty charge is split with states about 50-50. The longstanding federal rate is 12.5 percent, while Montana's state rate for state lands is nearly 17 percent, and the federal offshore rate is closer to 19 percent.

Raising the rate is unpopular with oil companies, which warn that it would mean lost jobs and higher prices at the gas pump. Lane pointed out that the U.S. royalty rates are among the lowest in the world: Canada charges up to 45 percent and there are still plenty of jobs and plenty of oil business for that country.

"We're talking about American energy, American jobs," he declared. "We should be talking about a fair return for the American taxpayer."

Texas charges 25 percent on state-owned lands.

The full report, "The Oil Export Ban and the Taxpayer: Low royalty rate ensures Americans lose," is at WesternValuesProject.org.




get more stories like this via email

more stories
Research on the effects of a school voucher program in Louisiana show academic performance decreased among kids who use vouchers to attend private schools. (Adobe Stock)

Social Issues

play sound

In this week's 2026 budget address, Gov. Kristi Noem proposed establishing education savings accounts for K-12 students in South Dakota. Opponents …


Environment

play sound

The most current study from the Environmental Protection Agency estimated more than 143 million Americans are at risk of drinking water tainted with P…

Social Issues

play sound

Maryland has one of the highest percentages in the nation of people in prison who began serving time when they were juveniles. A new report from …


The unpaid care provided by more than 580,000 Wisconsin caregivers is valued at $9.2 billion, according to AARP. (Adobe Stock)

Social Issues

play sound

More than 580,000 Wisconsinites are unpaid family caregivers and they serve as the backbone of the state's long-term care system, and one …

Environment

play sound

A county high in the Colorado Rockies is working to include its underserved residents in plans to reduce greenhouse gas emissions, the primary driver …

State officials say in 2023, Minnesota's workplace injury and illness rate fell to an all-time low. (Freepik)

Social Issues

play sound

There is promising news at the national level and in Minnesota in trying to lower workplace injuries and illnesses. A key labor organization is happy …

Social Issues

play sound

By Dakarai Turner for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service…

Health and Wellness

play sound

A new report found New York hospitals are in a precarious financial state. The New York State Hospitals Fiscal Survey Report showed statewide …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021