Oil Tax Break for Enhanced Recovery
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Bill Summary - 26LSO-0159 Bill No.: HB0128 Effective: 7/1/2026 LSO No.: 26LSO-0159 Enrolled Act No.: HEA No. 0018 Chapter No.: 46 Prime Sponsor: Tarver Catch Title: Enhanced oil recovery-severance tax exemption. Has Report: Yes Subject: Providing a severance tax exemption for tertiary oil production. Summary/Major Elements: This act provides an exemption from the severance taxes charged in W.S. 39-14-204(a)(iii) (which is a two percent (2%) severance tax) for tertiary production resulting from enhanced oil recovery projects that the Oil and Gas Conservation Commission certifies. This exemption applies to tertiary production from projects certified between July 1, 2026 and July 1, 2031, and the exemption applies for a period of five (5) years from the date of the first tertiary production from the project. Under current law, tertiary production is oil that is recovered from a petroleum reservoir by means of a tertiary enhanced recovery project using at least one tertiary recovery technique that meets state or federal requirements. The act requires the Department of Revenue and the Oil and Gas Conservation Commission to report annually on the tertiary production qualifying for the severance-tax exemption provided in this act until November 1, 2036. Comments: This act requires an annual report from the Department of Revenue and the Oil and Gas Conservation Commission until November 1, 2036. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 6, 12:53 AM
R · H35
Why they voted this way
The lawmaker opposes concurrence because an amendment to the bill creates conflicts and confusion, requiring further discussion with the Senate to clarify intent before proceeding.
R · H52
Why they voted this way
The lawmaker explains that the bill provides necessary financial assistance for expensive tertiary oil recovery operations, which helps prevent legacy fields from being abandoned and avoids future state costs associated with plugging wells.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
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Adopted Standing Committee by Senate Minerals, Business and Economic Development Committee