Major Money at the State Land Office

BIG MONEY COMING INTO THE STATE LAND OFFICE. THE OFFICE SAYS RECORD HIGH REVENUE ESTIMATES SHOW A 39 PERCENT INCREASE OVER THE 2018 FISCAL YEAR. IN FACT, REVENUE FOR BUSINESS ACTIVITY IN FISCAL YEAR 2019 HAS BROUGHT IN MORE REVENUE THAN IN ANY PREVIOUS YEAR WITH INCOME ON TRACK TO EXCEED 1-BILLION DOLLARS.

THE LAND OFFICE SAYS IT EXPECTS TO SEE OVERALL REVENUE COMING IN AT 1-POINT-1 BILLION DOLLARS, FAR SURPASSING THE 852-MILLION DOLLARS REALIZED IN 2018. SIZABLE REVENUE INCREASES FROM THE OIL, GAS AND MINERAL ROYALTY PAYMENTS HELPED PUSH THE TOTAL UP. ALSO, REVENUE FROM WIND ENERGY LEASE PAYMENTS AND SOLAR ENERGY LEASE PAYMENTS CONTRIBUTED TO THE RECORD-SETTING INCOME.

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