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. This is a direct quote from a 2017 GAO study. Given these well documented examples, it is fair to expect that BLM's modest increase to the federal royalty rate to … (03:59–04:12)
CLAIM
Asserts that rate increases in Texas and Colorado did not impact production or leasing.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
