Rock Springs R&D Tax Credit Explained for Businesses

R&D Tax Credits for Rock Springs, Wyoming Businesses

Rock Springs, Wyoming, is home to industries such as energy, healthcare, education, and logistics. Top companies in the city include Memorial Hospital of Sweetwater County, a leading healthcare provider; Western Wyoming Community College, a prominent educational institution; Halliburton, a major energy services provider; Union Pacific Railroad, a key logistics provider; and Genesis Alkali, a well-known chemical manufacturer. The R&D tax credit can help these businesses save on taxes by incentivizing innovation and technological advancements.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 203 S 2nd St, Laramie, Wyoming is less than 210 miles away from Rock Springs and provides R&D tax credit consulting and advisory services to Rock Springs and the surrounding areas such as: Green River, Evanston, Rawlins, Lyman and Mountain View.

If you have any questions or need further assistance, please call or email our local Wyoming Partner on (307) 317-4244.
Feel free to book a quick teleconference with one of our Wyoming R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Rock Springs, Wyoming Patent of the Year – 2024/2025

Moneyhun Equipment Sales & Service Co. Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in natural gas treatment. Their invention, detailed in U.S. Patent Application No. 20240026240, titled ‘Fuel gas conditioner’, introduces a mobile system that transforms rich natural gas into lean, engine-ready fuel through advanced cooling and separation techniques.

The patented system uses a series of heat exchangers and pressure control valves to cool high-pressure gas streams, leveraging the Joule-Thomson effect to lower temperatures and separate unwanted liquids. This process removes water and natural gas liquids (NGLs), producing a cleaner-burning fuel suitable for on-site engines. The entire setup is mounted on a skid, allowing for easy deployment at remote well sites.

Operating within pressures of 800–1200 psig and temperatures between 70–110°F, the system cools the gas to as low as −90°F, ensuring efficient removal of impurities. An integrated control loop adjusts cooling based on real-time temperature readings, optimizing performance across varying conditions.

This innovation offers a practical solution for oil and gas operations seeking to improve fuel quality and reduce emissions on-site. By delivering a compact, efficient, and adaptable system, Moneyhun Equipment Sales & Service Co., Inc. addresses a critical need in energy production.