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CASPER, Wyo. (AP) — Wyoming's Oil and Gas Conservation Commission has voted to update its permit application process. The Casper Star-Tribune reported the vote was in response to a historic influx of drilling requests in the state. The commission has received nearly 66,000 applications for drilling permits in the past three years. Officials say that if a permit's two-year lifespan ends without an operator advancing drilling activity, others with a working interest will have a window of time to apply for a permit.
CHEYENNE, Wyo. (AP) — Gov. Mark Gordon has announced a new initiative to study the economics behind Wyoming's reliance on coal, oil and natural gas production revenue. In a statement released Monday, the Republican says his initiative is a first-step in a process of understanding and tackling the state's sizable revenue shortfalls in the near- and long-term.
FLAGSTAFF, Ariz. (AP) — The Navajo Nation president says the tribe will not financially back the bonds a tribal energy company needs for a trio of newly acquired mines off the reservation. The Navajo Transitional Energy Co. recently bought Montana's largest coal mine and two other mines in Wyoming. The development marks the latest turmoil to hit the Powder River Basin of Montana and Wyoming, the nation's largest coal-producing region, where bankruptcies have put a pall over the once-vibrant industry.
CHEYENNE, Wyo. (AP) — An interim legislative committee has rejected a proposed bill to raise Wyoming's property tax. The bill would have raised the tax rate on real and personal property from 9.5% to 11.5%, a jump that calculates to a roughly 20% increase in taxable property. Under the bill, minerals and industrial property would have been excluded from the increase.
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