mineral royalties http://wyomingpublicmedia.org en Wyoming Receives The Sixth Highest In Federal Funding http://wyomingpublicmedia.org/post/wyoming-receives-sixth-highest-federal-funding <p>Contrary to its reputation as an independent state, Wyoming receives the sixth highest&nbsp;amount of federal financial aid of any state in the country -- almost 40 percent of state revenue -- &nbsp; according to the Tax Foundation.</p> Tue, 20 May 2014 23:28:14 +0000 Melodie Edwards 58602 at http://wyomingpublicmedia.org Wyoming Receives The Sixth Highest In Federal Funding Wind River Tribes Plan Ahead For Settlement Checks http://wyomingpublicmedia.org/post/wind-river-tribes-plan-ahead-settlement-checks <p></p><p>WILLOW BELDEN: In 2012, the tribes who share the Wind River Indian Reservation, the Eastern Shoshone and the Northern Arapaho Tribes, came to a settlement with the federal government for a mineral royalties mismanagement case dating back to the 1970’s. The federal government has finally released the money from the settlement, and tribal members on Wind River are anxiously awaiting their checks. Wyoming Public Radio’s Irina Zhorov joins us to talk about the settlement and what it means to the Wind River Community.</p> Tue, 22 Apr 2014 01:37:02 +0000 Irina Zhorov 57170 at http://wyomingpublicmedia.org Wind River Tribes Plan Ahead For Settlement Checks Settlement Money For Tribal Members Finally In Sight http://wyomingpublicmedia.org/post/settlement-money-tribal-members-finally-sight <p>Long-awaited money from a settlement on the Wind River Indian Reservation in Wyoming is finally on its way.</p><p>The federal government is paying the tribes $157 million for underpayment of royalties on oil and gas development and improper management of royalties that were paid. Northern Arapaho spokesman Mark Howell says some people don’t have bank accounts and there were concerns they would not be able to cash their checks.</p> Thu, 17 Apr 2014 22:34:54 +0000 Irina Zhorov 56992 at http://wyomingpublicmedia.org Settlement Money For Tribal Members Finally In Sight Dept. of Interior needs to make changes to guarantee fair return on oil and gas, study finds http://wyomingpublicmedia.org/post/dept-interior-needs-make-changes-guarantee-fair-return-oil-and-gas-study-finds <p>The Department of Interior’s oil and gas royalty program has been examined repeatedly in the past for weaknesses and high risk of mismanagement and a new Government Accountability Office <a href="http://gao.gov/assets/660/659515.pdf">study </a>suggests more can be done to guarantee a fair return on extracted natural resources. The study says one of the biggest issues is that the DOI does not have set procedures for reviewing the royalty program.</p> Wed, 18 Dec 2013 00:46:03 +0000 Irina Zhorov 51453 at http://wyomingpublicmedia.org Dept. of Interior needs to make changes to guarantee fair return on oil and gas, study finds Trona industry sees reduction in federal royalty rate http://wyomingpublicmedia.org/post/trona-industry-sees-reduction-federal-royalty-rate <p>The federal royalty rate for trona was recently reduced from 6-percent to 4%. Industry has been pushing for royalty reductions for over a decade. But Powder River Basin Resource Council’s Jill Morrison says if anything, the royalty should be increased.</p><p>“Our position has always been that minerals are a finite resource. Once they’re removed they’re gone and we have that one chance to tax those minerals and get that fair market value because that’s what’s going to help balance our budget, both at the state and national level,” says Morrison.</p> Wed, 04 Dec 2013 01:15:19 +0000 Irina Zhorov 50773 at http://wyomingpublicmedia.org Trona industry sees reduction in federal royalty rate Feds to pay Wyoming more than $40M in back royalties http://wyomingpublicmedia.org/post/feds-pay-wyoming-more-40m-back-royalties <p></p><p>The federal government will pay back mineral royalties that it withheld from states under the across-the-board budget cuts known as sequestration.</p><p>When sequestration went into effect earlier this year, the Department of the Interior started withholding 5 percent of states' share of the royalties, which are paid on resources like coal and oil extracted from federal lands. For Wyoming, that's amounted to more than $40 million.</p><p>On Monday, DOI announced that after a legal review, it's giving the money back.</p> Tue, 27 Aug 2013 22:47:25 +0000 Stephanie Joyce 46001 at http://wyomingpublicmedia.org Feds to pay Wyoming more than $40M in back royalties Wyoming leaders say Washington targets coal http://wyomingpublicmedia.org/post/wyoming-leaders-say-washington-targets-coal <p>Wyoming leaders say the state's energy-based economy is suffering under recent Obama administration environmental initiatives.</p><p></p><p>Republican Gov. Matt Mead plans to testify next week in Cheyenne against a U.S. Environmental Protection Agency proposal to restrict emissions from coal-fired power plants.</p><p>Mead says the rule will cost Wyoming's five coal-fired power plants about $1 billion initially and perhaps $100 million a year thereafter. He says implementing the regulations won't affect haze.</p> Fri, 12 Jul 2013 22:19:28 +0000 The Associated Press 43653 at http://wyomingpublicmedia.org Wyoming leaders say Washington targets coal Tripower Resources says they're not responsible for back taxes http://wyomingpublicmedia.org/post/tripower-resources-says-theyre-not-responsible-back-taxes <p>A lawsuit filed by Tripower&nbsp;Resources says the energy company is not responsible for about $885,000 in back taxes from 2008 to 2010. Tripower says it did not own the wells from which these production taxes accumulated during the time period in question. But Campbell, Crook, and Converse Counties have listed the company as tax-delinquent. They’re applying taxes from current production to the owed back-taxes. Converse County treasurer Joel Schell says, according to statute, the current owner is responsible for any unpaid taxes.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> Tue, 07 May 2013 22:58:11 +0000 Irina Zhorov 40421 at http://wyomingpublicmedia.org Tripower Resources says they're not responsible for back taxes Mead concerned about more federal cuts http://wyomingpublicmedia.org/post/mead-concerned-about-more-federal-cuts <p>Wyoming is scheduled to lose 53 million dollars in federal mineral royalties this summer along with other federal dollars due to the sequester.&nbsp;</p><p></p><p>Governor Matt Mead says higher than expected gas prices and other earnings will allow the state to overcome that loss of revenue.&nbsp; But during a news conference with reporters, Mead said that he will be worried if these federal cuts continue.</p> Fri, 03 May 2013 22:00:25 +0000 Bob Beck 40265 at http://wyomingpublicmedia.org Mead concerned about more federal cuts Sequester cuts continue to bother Governor Mead http://wyomingpublicmedia.org/post/sequester-cuts-continue-bother-governor-mead <p>Wyoming Governor Matt Mead says the state will have to live with some 53 million dollars in cuts to Wyoming’s share of mineral royalties.&nbsp;</p><p>By law the state is guaranteed 50 percent of the revenues from mineral leasing on federal lands in the state.&nbsp; But federal officials ruled that those funds are subject to being sequestered.</p><p></p><p><strong>&nbsp;“</strong>Does not look like we are going to have any legal recourse to stop that sequestration of those dollars. So our best hope, it looks like, is what the congressional delegation can do.”</p> Fri, 05 Apr 2013 19:26:06 +0000 Bob Beck 38959 at http://wyomingpublicmedia.org Sequester cuts continue to bother Governor Mead