The Minerals Revenue Management (MRM) Program is part of the U.S. Department of the Interior's Minerals Management Service.
The MRM collects, accounts for and distributes revenues associated with offshore and onshore oil, gas and mineral production from leased federal and
Indian lands.
The MRM achieves optimal value by ensuring that all revenues are efficiently and accurately collected and disbursed to recipients in a timely manner. In FY 2009, MRM’s Financial Management program disbursed more than $10.68 billion from revenues collected from energy and mineral production on Federal and American Indian lands, including energy and mineral production on the Federal Outer Continental Shelf, as follows:
$1.99 billion directly to states and eligible political subdivisions, such as counties and parishes
$5.74 billion to the U.S. Treasury
$449 million to 34 American Indian Tribes and 30,000 individual American Indian mineral owners $1.45 billion to the Reclamation Fund for water projects
$899 million to the Land & Water Conservation Fund
$150 million to the Historic Preservation Fund
A complete breakout of FY 2009 disbursements is available on our Statistics Page.
Additionally, the MRM ensures that the Nation’s Federal and Indian energy and mineral revenues are accurately reported and paid in compliance with laws, regulations, and lease terms. In FY 2009, MRM’s Audit and Compliance Management program, assured reasonable compliance on 50.4 percent of total offshore and onshore royalties paid for calendar year 2006 (approximately $5.3 billion). In its completion of over 200 audits and 900 compliance reviews, MRM’s FY 2009 audit and compliance activities covered close to 1,000 companies and over 6,000 properties. Since 1982, MRM has collected $3.5 billion in additional royalties because of these compliance efforts.
Latest MRM Information |
