Mr. Erik Milito - The House Committee on Natural Resources ...

Severance and Ad Valorem Taxes, $ millions
January 2012
Baseline
Production associated with same total number new leases and permits – Average 2009/2010
Year
2011
2012
2013
2014
2015
Average
Colorado Montana New Mexico North Dakota Utah Wyoming Total
$52 $47 $572 $50 $59 $505 $1,284
59 53 672 59 73 574 1,490
63 53 694 55 74 586 1,525
65 50 723 53 74 599 1,565
71 50 751 49 75 625 1,623
$62 $51 $682 $53 $71 $578 $1,497
Alternative
Production associated with same total number new leases and permits – Average 2007/2008
Year
2011
2012
2013
2014
2015
Average
Colorado Montana New Mexico North Dakota Utah Wyoming Total
$54 $49 $598 $53 $61 $527 $1,344
67 60 750 64 82 650 1,673
73 62 797 62 85 682 1,761
80 61 863 61 90 729 1,883
90 61 910 55 92 776 1,984
$73 $59 $784 $59 $82 $673 $1,729
Net (Alternative Minus Baseline)
Increase in production relative to amount associated with baseline number of leases and permits issued
Year
2011
2012
2013
2014
2015
Average
Colorado Montana New Mexico North Dakota Utah Wyoming Total
$ 2 $ 3 $ 26 $ 3 $ 3 $ 22 $ 59
$ 8 $ 7 $ 78 $ 5 $ 9 $ 75 $ 183
$ 11 $ 9 $ 103 $ 7 $ 12 $ 95 $ 236
$ 15 $ 11 $ 140 $ 8 $ 15 $ 130 $ 319
$ 19 $ 11 $ 159 $ 6 $ 17 $ 151 $ 362
$ 11 $ 8 $ 101 $ 6 $ 11 $ 95 $ 232
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