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Environment & Energy Report

Wyoming Governor Signs Law on Severance Tax Exemption for Crude Oil, Natural Gas Production

March 30, 2020, 5:00 AM

The Wyoming Governor March 27 signed a law relating to mine product taxes for excise tax purposes. The law includes measures: 1) exempting from severance tax the production of crude oil and natural gas drilled on or after July 1 and prior to Dec. 31, 2025, in specified price environments for the first six months of production; and 2) reducing the severance tax rate to 1 percent for the second six months of production. The law takes effect July 1. [/WY\FINAL\2020R1HB243///, enacted 03/27/20]

Reference: View Bill. View Legislative Information.

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