Press Releases
Graves Announces Louisiana's 2018 GOMESA Disbursements
Washington, DC,
April 26, 2019
Today, Congressman Garret Graves (South Louisiana) announced that Louisiana will receive a $94.7 million share of nearly $215 million in FY 2018 Gulf of Mexico Energy Security Act (GOMESA) energy revenues that the four Gulf oil and gas producing states will receive. This is the second disbursement under Phase II of the GOMESA – a law Graves helped write and negotiate, and that is critical to Louisiana's coastal restoration efforts. "Energy producing states along the Gulf Coast have waited a long time to start getting a fair share of offshore energy revenues, especially in Louisiana – where the Gulf has eroded over 2,000 square miles of our coast," said Congressman Garret Graves (LA-06). "Every single penny of this funding will be invested in urgent coastal restoration and hurricane protection efforts to protect Louisiana lives, communities, culture and a nationally-important economic engine responsible for 80 to 90 percent of all offshore energy production in federal waters in the United States." "Under President Trump's leadership, Interior continues to deliver on the promise of advancing American energy security and economic prosperity," said Secretary Bernhardt. "These disbursements shared directly with the Gulf producing states and local communities are a direct result of the responsible development of our energy resources." The $214.9 million in FY 2018 GOMESA Revenues represent a $26.95 million increase over last year's disbursement. The other Gulf states receiving GOMESA revenues are Texas ($57.8 million), Mississippi ($31.7 million), and Alabama ($30.5 million). GOMESA funds are derived from qualified oil and gas leasing revenues on the Outer Continental Shelf, and disbursed in accordance with the revenue-sharing provisions of the GOMESA legislation. During FY 2018, Interior's Office of Natural Resources Revenue (ONRR) disbursed approximately $76 million to the Land and Water Conservation Fund (LWCF) and $309 million to the U.S. Treasury from bonuses, rentals, and royalties paid for GOMESA leases. As required by the legislation, disbursements to LWCF and Treasury are made in the same year of receipt; disbursements to the states and CPS are made the year following the year of receipt. Revenue-sharing allocations and disbursement detail for the FY 2018 receipts will be published April 25, 2019 on the Department's website at: https://revenuedata.doi.gov/how-it-works/gomesa. The following amounts will be shared with Louisiana and subdivisions in FY 2019:
GOMESA payments are subject to sequestration requirements under the Budget Control Act of 2011. Interior's Office of Natural Resources Revenue manages and ensures full payment of revenues owed for the development of the nation's energy and natural resources on the Outer Continental Shelf and onshore Federal and Indian lands. In performing this important fiduciary role, ONRR collects an average of over $10 billion dollars in annual revenue -- one of the Federal government's largest sources of non-tax revenue. |