The oil and natural gas industry is the second largest source of revenue to the  federal government after the IRS. It also returns significant revenue from federal  lands. • For every dollar the government spends administering the federal  onshore oil and ... and other types of taxes as well as royalties on the energy they  extract.
The Minerals Management Service (MMS) was an agency of the United States  Department of the Interior that managed the nation's natural gas, oil and other  mineral resources on the ... It was among the top five revenue sources to the  federal government, the IRS being number one. As the MMS (before transition to  ...
Examination of an Oil and Gas Entity and Activity . ..... Energy Markets and the  Participants . .... operator to orderly and legally collect the oil and gas revenues  and to pay the ... Oil Windfall Profit Tax Act of 1980, the Service expanded its  resources to include the ... After leasing the property and retaining a royalty  interest,.
Oil and natural gas exploration and production spur economic development ...  shale and other tight formation energy resources, the implications for greater ... In  fact, royalties on oil and natural gas production and bonus payments on new  leases on federal lands and waters are the second-largest federal revenue  source, ...
Payments to extract natural resources from federal land and waters ... Bureau of  Ocean Energy Management, often to reimburse the federal government for ...  revenue and tax payments to the federal government to promote other policy  goals. ... or they pay a smaller percentage of royalties, for the oil and gas they  extract.
Royalties for oil and other energy sources are the "second-largest revenue source to the federal government after the IRS."