And Wyoming as well. So lower may actually be an understatement on my part. Texas typical royalty rate has been double the federal rate or 25% for more than 30 years. Colorado too just increased its own or increased its rate to 20% seven years ago. Further still, officials in both states went on record during the Trump administration to report that these rate increases have not had a noticeable impact on production or leasing. (03:51–03:59)
CLAIM
Asserts that Colorado increased its oil and gas royalty rate to 20% seven years ago.
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