Enhanced oil recovery-severance tax exemption.

Summary

HB 128 creates a five‑year severance‑tax exemption for tertiary (enhanced) oil and gas projects that the Wyoming Oil and Gas Conservation Commission certifies between July 1 2026 and July 1 2031. Operators of those projects will not pay the tax on that production, and the state will receive annual reports on the program’s results. The measure aims to encourage advanced recovery methods while tracking their fiscal impact.

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