Laramie, Wy – The state of Wyoming has reached an agreement with British Petroleum. It means the state and two of its counties will share about 56 million dollars to settle disputes over taxes on natural gas production.
The agreement deals with 16 proceedings pending before the state Board of Equalization, the Third Judicial District Court, the Ninth Judicial District Court and the Wyoming Supreme Court involving litigation between B-P America and the Wyoming Department of Revenue.
Under the agreement, 29-point-6 million dollars will go to Uinta County, 23-point-6 million to the state and 3-point-5 million to Fremont County.
The disputes centered on natural gas production from the Whitney Canyon and Painter/East Painter fields in Uinta County and Beaver Creek field in Fremont County.