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States get $188 million as GOMESA revenue-sharing enters 2nd phase
Oil & Gas Journal: The US Department of the Interior will distribute almost $188 million of federal offshore oil and gas revenue shares to Alabama, Louisiana, Mississippi, and Texas as disbursements authorized under the 2006 Gulf of Mexico Energy Security Act (GOMESA) enter their second phase, Interior Sec. Ryan Zinke said.
The amount is more than five times the roughly $37 million that the states and their coastal political subdivisions (CPS) received during GOMESA’s first phase from fiscal 2009 through 2017. DOI officials attributed the increase to more revenue-generating leases being included during GOMESA’s second phase.
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