Enhanced oil recovery-severance tax exemption.

SF 18 exempts Wyoming oil and gas producers from 3% of the severance tax (out of a total 6% rate) when producing oil and gas using enhanced recovery techniques that capture and reuse carbon dioxide (CO2) sourced within Wyoming. To qualify, producers must use carbon capture technology and submit an application, with the CO2 required to originate from within the state. The bill mandates annual reports to state committees on the exemption's usage and revenue impact. This directly affects producers using carbon capture, utilization, and storage (CCUS) technology for enhanced oil recovery.