Minerals Revenue Management:
Collecting money! |
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The MMS's Royalty Management Program is responsible for management of all revenues
associated with both federal offshore and onshore mineral leases. The effort is one of the
federal government’s greatest sources of non-tax revenue.
Some federal lands are leased to individuals and companies for minerals development.
Lease holders competitively bid, initially pay a bonus and subsequently, rent for the
right to develop these onshore and offshore lands.
If minerals are found, extracted and sold, the federal government is entitled to
a certain percentage of, or royalty on, the production.
In the past 20 years, the MMS has collected more than $120 billion.
Last year, we collected $9.8 billion
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Last Updated:
10/02/2007,
10:44 AM
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