2020 Legislation (Pooling Matters and Severance Tax)
House Bills 11 and 243 become effective July 1, 2020.
House Bill 11 implements significant changes to Wyoming’s oil and gas force pooling statute.
House Bill 243 reduces Wyoming’s standard statutory severance tax rate of 6% on crude oil, lease condensate, and natural gas, in certain circumstances.
Please read the full release here.
If you have any questions regarding the updates above or how they may affect your operations, please contact Crowley Fleck PLLP. We are available to answer any questions or help our clients and neighbors in any way we can in these challenging times.