WyomingWyoming exempts certified tertiary oil production from severance taxes
Beginning July 1, 2026, Wyoming exempts qualifying tertiary oil production from specified severance taxes and requires agencies to report on it.
What it does
Wyoming exempts tertiary oil from projects certified during the stated window from specified severance taxes for five years, starting with the project's first tertiary production.
The commission and department must report each year on qualifying production, operators, wells, and related taxes paid or exempted.
Argument forOperators with certified projects could keep more revenue from tertiary oil production during the five-year tax exemption.
Argument againstThe exemption could reduce severance tax revenue from qualifying oil production, though annual reports would show how much tax was exempted.
More detail
Qualifying tertiary oil production is exempt from specified severance taxes. The exemption covers tertiary production from projects certified after July 1, 2026, and before July 1, 2031. It applies to severance taxes under W.S. 39-14-204(a)(iii). The project must be certified by the Wyoming Oil and Gas Conservation Commission. The act takes effect July 1, 2026. Projects must be certified after July 1, 2026, and before July 1, 2031; each five-year exemption starts with the project's first tertiary production.
The commission and the department must report on production that qualifies for the exemption. The Wyoming Oil and Gas Conservation Commission and the department must report production amounts, qualifying operators and wells, severance taxes paid and exempted, and related property and sales taxes. The first report is due by November 1, 2026, with reports due each November 1 through November 1, 2036.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 6Assigned Chapter Number 46Latest
- Mar 6Governor Mark Gordon Signed HEA No. 0018Became Law
- Mar 3S President Signed HEA No. 0018
- Vote recorded H Concur:Passed 59-0-3-0-0. Result: pass.Lower
- Mar 3H Speaker Signed HEA No. 0018
- Mar 3Assigned Number HEA No. 0018
- Mar 3H Concur:Passed 59-0-3-0-0
- Mar 2H Received for Concurrence
- Vote recorded S 3rd Reading:Passed 30-1-0-0-0. Result: pass.Upper
- Mar 2S 3rd Reading:Passed 30-1-0-0-0Passed Senate
- Feb 27S 2nd Reading:PassedMinor
- Feb 26S COW:PassedMinor
- Feb 25S Placed on General File
- Vote recorded S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0. Result: pass.Upper
- Feb 25S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0Minor
- Feb 23S Introduced and Referred to S09 - MineralsMinor
- Feb 23S Received for IntroductionMinor
- Feb 22H 3rd Reading:Passed 60-1-1-0-0Passed House
- Vote recorded H 3rd Reading:Passed 60-1-1-0-0. Result: pass.Lower
- Feb 20H 2nd Reading:PassedMinor
- Feb 20H COW:PassedMinor
- Feb 19H Placed on General File
- Vote recorded H09 - Minerals:Recommend Do Pass 9-0-0-0-0. Result: pass.Lower
- Feb 19H09 - Minerals:Recommend Do Pass 9-0-0-0-0Minor
- Feb 11H Introduced and Referred to H09 - Minerals 58-3-1-0-0Minor
- Vote recorded H Introduced and Referred to H09 - Minerals 58-3-1-0-0. Result: pass.Lower
- Feb 10H Received for IntroductionMinor
- Feb 10Bill Number AssignedIntroduced
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