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Governor Gordon: Federal Oil and Gas Leasing Ban Could Cost Wyoming Hundreds of Millions in Annual Revenue | | Big Horn Mountain Radio Network

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CHEYENNE, Wyo. – During a virtual press conference yesterday afternoon, Governor Mark Gordon pushed back against a possible federal ban on oil and gas leasing, citing a study, released yesterday, that said that the state could lose more than $300 million per year in tax revenue were the new presidential administration to implement such a plan.
“A federal leasing ban would be a serious threat to our state’s economy,” Governor Gordon said. “The revenue challenges that we currently face would be further exacerbated by any misguided federal policies that unfairly target states with large swaths of federal land.” ....

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Governor Gordon: Federal Oil And Gas Leasing Ban Could Cost Wyoming Hundreds Of Millions In Annual Revenue

Governor Gordon: Federal Oil And Gas Leasing Ban Could Cost Wyoming Hundreds Of Millions In Annual Revenue
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Wyoming May Lose Hundreds of Millions in Revenue if Federal Oil and Leasing Bans Are Approved

CHEYENNE Governor Mark Gordon pushed back against a possible federal ban on oil and gas leasing, citing a study, released today, that said that the state could lose more than $300 million per year in tax revenue were the new presidential administration to implement such a plan.
“A federal leasing ban would be a serious threat to our state’s economy,” Governor Gordon said. “The revenue challenges that we currently face would be further exacerbated by any misguided federal policies that unfairly target states with large swaths of federal land.”
In a study of 8 Western states conducted by Dr. Timothy Considine, a Professor of Energy Economics with the University of Wyoming, the value of lost production in Wyoming under a leasing moratorium during the first five years is on average $872 million. That translates to more than $300 million per year in lost tax revenue annually, which includes severance tax, ad-valorem tax , federal royalties and lease bonus payments. ....

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Federal oil and gas leasing ban could cost Wyoming hundred of millions

Federal oil and gas leasing ban could cost Wyoming hundred of millions
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Oil and Gas leasing ban 'a serious threat to our state's economy' | | Big Horn Radio Network

Oil and Gas leasing ban 'a serious threat to our state's economy' | | Big Horn Radio Network
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