Oil and Gas Development on Federal Lands Provides Key Revenues

The development of oil and gas resources on federal lands across the United States is a vital source of revenue for the federal government and the states themselves, providing funding to support education, infrastructure, and other essential government services. In 2022, production on federal and Native American lands and waters generated $18.5 billion in revenues. According to the Bureau of Land Management, the amount of revenue generated from federal mineral development “is second only to that provided by the Internal Revenue Service.”

BY THE NUMBERS

OIL & GAS ON FEDERAL LANDS, 2022

$18.5

$18.5

BILLION

Revenue Generated

1.2

1.2

BILLION

Barrels of Oil

4.6

4.6

TRILLION

Cubic Feet of Natural Gas

KEY OIL & GAS RESOURCE DEVELOPMENT ON FEDERAL LANDS

IMPACT OF THE BAN

A permanent ban on federal oil and gas leasing would have significant consequences, as several recent studies have found.

IPAA Comments for DOI Forum on Federal Oil and Natural Gas Program

The Fiscal and Economic Impacts of Federal Onshore Oil and Gas Lease Moratorium and Drilling Ban Policies

A Federal Leasing and Development Ban Threatens America’s Energy Security and Economic Growth, Undermines Environmental Progress

The Economic Impacts of the Gulf of Mexico Oil and Natural Gas Industry