Newsletter articleKayla YoungFebruary 1, 2019 Oil and Gas Abandoned Well Plugging Fund This week we saw some bills related to conventional oil wells, HB 2673 - Creating the Oil and Gas Abandoned Well Plugging Fund. The bill will cut the oil severance tax on applicable wells (producing less than 60,000 cu. Ft. per day) from 5% to 0% but introduce a rate of 2.5%. More Issues: Abandoned wells, Oil and gas
