Wyo. oil-gas lease form vote set for Thursday - BusinessWeek

By
Viraj
on August 5, 2011 1:31 AM | | TrackBacks (0)
Top Wyoming officials are set to vote Thursday on the first substantial update to Wyoming's oil and gas lease form in 29 years to clarify how companies calculate the royalties they pay on oil and gas extracted from state lands.

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The Office of State Lands and Investments has been working on the new form since last year. The main goal over the past few months has been to spell out the costs oil and gas companies may deduct from their state royalty payments. Earlier proposed changes, including a state royalty rate hike from 16.66 percent to 18.75, percent didn't make it into the final document. "This thing has gone through the ringer. We're pretty anxious to get it settled out," Ryan Lance, director of the Office of State Lands and Investments, said Tuesday.

Wyo. oil-gas lease form vote set for Thursday - BusinessWeek

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This page contains a single entry by Viraj published on August 5, 2011 1:31 AM.

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