Offshore Revenue-Sharing: $188M To 4 States, Coast Counties


NEW ORLEANS (AP) — Four Gulf of Mexico states and their coastal counties are getting nearly $188 million in revenue-sharing funds as the offshore leasing areas involved expand.

The money must be used for coastal conservation, restoration and hurricane protection.

- Sponsors -

An Interior Department news release Thursday says Louisiana is getting a total of about $82 million, with more than $50 million going to Texas, nearly $28 million to Mississippi and almost $27 million to Alabama.

The state shares of those totals are $66.3 million for Louisiana, $40.5 million for Texas, $22.2 million for Mississippi and $21.4 million for Alabama.

Congress approved the revenue-sharing program in 2006. For the first 10 years, it covered a smaller leasing area in the Gulf of Mexico. The states and counties got about $37 million over those years.

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter