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Governor's Energy Rebound Program Launches

Governor Gordon will launch the Energy Rebound Program on Wednesday, November 18, 2020, designed to assist Wyoming’s economic recovery and boost employment in the oil and gas industry.

The Energy Rebound Program will utilize up to $15 million in CARES Act funding to provide business relief targeted towards drilled, but uncompleted oil and gas wells (DUCs), wells that were unable to be recompleted, and plugging and abandonment (P&A) projects which could not be finished due to the impacts of the COVID-19 pandemic.

The program will reimburse operators for work done on completions, recompletions, workovers or plugging and abandonments before December 30, 2020, up to $500,000 per project.  Operators who were unable to perform or finish projects in these categories for wells they operate due to the effects of COVID-19, and who can spend funds before December 30, are encouraged to apply.

The Wyoming Business Council will start accepting applications at 10 am Mountain Standard Time on Wednesday, Nov. 18th. Applications will be accepted through 10 am on Monday, Nov. 23rd.

Read the entire announcement and requirements here.