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Pacific OCS Revenue Facts
The Mineral Management Service's Minerals Revenue
Management is responsible for the collection and disbursement of
revenue collected from the leasing and development of the Nation's
onshore and offshore mineral resources. You can find data by State for
Section 8(g) OCS Lands Act Fund disbursements.
Revenue from the offshore oil and gas program -- royalties, rents, and bonuses -- is
used to the benefit of the country in many different ways. On average, approximately
two-thirds of the revenue goes to the general fund of the United States Treasury to help
pay for government programs and services. States also receive a portion of the
revenue collected from offshore oil and gas activity within a band that is 3 to 6 miles
off their shore, as specified in section 8(g) of the OCS Lands Act. In California,
this activity takes place on the OCS adjacent to the counties of Santa Barbara, Ventura,
Los Angeles and Orange.
The remaining third of the revenue is provided to one of two funds:
- The
Land and Water Conservation Fund helps Federal,
State and local governments acquire and develop parklands and
recreation projects. Between 70 and 90 percent of the
Fund Disbursements provided are
from OCS mineral revenues. In 1997, Secretary of the
Interior Bruce Babbitt identified the basic intent of the Fund as to "devote revenue from one public resource,
oil and gas leasing on the Outer Continental Shelf, to the perpetuation of another public
resource, outdoor recreation lands at the federal, state, and local levels."
- The
National Historic Preservation Fund to help protect and preserve the finest examples of America's
cultural heritage. OCS contributions to the National Historic Preservation Fund have
totaled over $700 million.
Web Master:
Nollie
Gildow-Owens
Page content last updated 12/09/2008
Page last published 12/09/2008 | | |