breaking news
The agency is responsible for leasing the federally-owned minerals located in the 31 states east of the Mississippi River.
The Federal Government receives a royalty of 12 1/2-percent of the value of oil and gas production from the leases, while each state Government receives a 25-percent minimum share.
(Copyright 2006 Newsroom Solutions, LLC)
Delivered by Newsroom Solutions/Regional News Service
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