WV Legislature Advances Bill Granting Tax Credit for NGL Storage

Two weeks ago MDN told you about two bills important to the oil and gas industry in West Virginia that are quickly advancing through the state's current 60-day legislative session (see WV House Advances 2 O&G Bills: Orphan Wells & Faster Permits). You may now add a third bill to the list--one previously not on our radar. House Bill (HB) 4421, called the "Natural Gas Liquids Economic Development Act," is aimed at providing a tax credit to those who would store or transport natural gas liquids (NGLs).

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