What do you think the founding fathers would say today about the federal government?
That it is completely out of bounds, ignoring the ten Amendment of the Bill of Rights. Need you ask?
Having said that, in the 2006 GOM Energy Security Act which opened 8.3 million acres on the OCS to drilling, a portion the federal royalties were redirected to TX, LA, MS, AL, and the Land and Water Conservation Fund. But the money can be used only for coastal preservation, restoration, and hurricane protection.