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State lands office outlines oil and gas leasing practices, revenue and staffing plans
Summary
The Office of State Lands and Investments told the task force it seeks to streamline leasing processes, is recruiting commercial‑leasing staff, and noted oil and gas generated roughly $121 million for trust beneficiaries in fiscal year 2024.
Cheyenne — Jason Crowder, interim director of the Office of State Lands and Investments (OSLI), briefed the Regulatory Reduction Task Force on state land leasing for oil and gas and described administrative steps the agency is taking to make leasing and long‑term management more efficient.
Crowder emphasized oil and gas remains the dominant revenue source for the state trust portfolio in recent years and that securing predictable, orderly development is an OSLI priority. “Oil and gas brought in a $121,000,000 at fiscal year 24, which is 70% of the whole revenue stream brought in from that from our office,” Crowder told the task force.
Key points
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