Wyoming2024Did Not Pass
HB0185
Oil and Gas Tax Exemption for Enhanced Recovery
Last scannedOct 25, 2026, 2:19 AM
In one sentence
The bill proposes to exempt certain oil and gas production from taxes if it uses enhanced recovery methods and Wyoming carbon dioxide.
What it does
- Exempts one-half of the severance tax on crude oil and natural gas produced through enhanced recovery techniques using Wyoming carbon dioxide.
- Requires taxpayers seeking this exemption to apply with a form provided by the department.
- Limits the exemption to projects that use carbon capture, utilization, and storage technology for enhanced recovery.
- Sets a deadline of July 1, 2032, after which the exemption is no longer available.
Who it affects
- Oil and gas companies producing crude oil and natural gas through enhanced recovery methods in Wyoming.
Limits and unknowns
- The bill did not pass in its session.
- It includes a sunset clause, meaning the exemption will end on July 1, 2032.
Plain language
Terms to know
- Enhanced Oil Recovery
- Techniques used to extract more oil or gas from a reservoir beyond what can be recovered using conventional methods.
- Carbon Capture, Utilization and Storage (CCUS)
- Technology that captures carbon dioxide emissions before they enter the atmosphere for reuse or storage.
Official record
Sources
Official activity
Bill history
- H Did not Consider for IntroductionHouse
- H Received for IntroductionHouse
- Bill Number AssignedLSO