July 7, 2025

Petroleum Association of Wyoming President Pete Obermueller released the following statement in response to the passage of the reconciliation package through Congress:

The Budget Reconciliation Bill is a boon for Wyoming energy production – reinstating regular leasing sales that were the benchmark of the Bureau of Land Management prior to the Biden Administration, recalculating royalty rates to account for increased costs of producing on public lands, restoring leasing rules that help industry to explore for new resources, and following Wyoming’s innovative lead by equalizing carbon capture tax credits between carbon storage and the use of CO2 to stimulate more oil recovery.

We thank Senator Barrasso, Senator Lummis, Representative Hageman, and all the U.S. House of Representatives and the U.S. Senate for their efforts to pass pro-energy, future-oriented solutions that allow America to capitalize on its abundant natural resources and puts Wyoming producers to work fueling our communities.

We look forward to President Trump signing the bill into law.

Note: Once signed into law, the equalization of carbon capture tax credits will automatically trigger the repeal of SF0017 – Carbon dioxide-enhanced oil recovery stimulus, passed during the 2025 Wyoming Legislative Session.