Royalties

EITI
6:56 am
Mon October 28, 2013

Transparency initiative targets extractive industries

Nearly half of Wyoming is federal land, and the government collects billions of dollars in taxes and royalties every year from industries using that land. But it isn’t always clear where that money goes, and who benefits from it. Now, an international initiative is trying to change that.

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News
5:14 pm
Fri March 29, 2013

Oil and gas operators flaring more gas, paying no taxes or royalties

Credit Willow Belden

Oil development in the state is bringing up natural gas along with the oil, but some of the gas is getting burned off in flares and the state is missing out on taxes and royalty payments. The reason the gas is getting flared is that there are not enough pipelines in place to connect new wells to markets.

The President of the Wyoming Petroleum Association, Bruce Hinchey, says it doesn’t always make sense to build new pipelines for the relatively small quantities of gas coming up.

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News
5:20 pm
Mon February 11, 2013

DOI to investigate coal sales to overseas markets

The US Department of the Interior has assembled a task force and an action plan to investigate coal exports. The move comes after a letter from US Senators Wyden, of Oregon, and Murkowski, of Alaska, asked the agency to find out whether coal companies are properly reporting their sales. Increasingly, Wyoming’s coal producers are examining markets overseas to make up for a slump in domestic sales. Companies can fetch significantly higher prices for coal in Asian markets, and by selling through an affiliated intermediary, they could report the initial sale instead of the higher, final sale.

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