Governor Matt Mead reports the total value for minerals produced in Wyoming for 2010 hit $15.5 billion. That is up 23% from 2009 and is second only to the value from 2008.
Governor Mead also said oil, natural gas, coal, bentonite, trona and uranium all saw increased values in 2010.
In a statement released this week, the governor said this another sign that Wyoming is headed in the right direction and he pointed out that it is also reminder of how big a role mineral production plays in providing revenue.
The taxable value of oil production statewide was up 34% in 2010 compared to 2009. Natural gas was up by 30%, surface coal by 6%, bentonite increased by 89%, trona by 7% and uranium by 44%. The only production that showed a decline in value was sand and gravel, which went down by 13%.
The information will be provided to counties by June 1 and used by the local assessors to establish how revenues inside counties are distributed.