Flurry of WV O&G Bills Signed into Law Incl. Petchem Tax Credits

MDN previously told you about two (of a number) of bills working their way through West Virginia’s annual 60-day legislative session that will create new tax credits aimed at luring petrochemical plants to the state (see WV Advances Bills to Attract NGL Hub, Cracker Plant, Downstream). One bill, House Bill (HB) 4421, is meant to attract a natural gas storage hub and an ethane cracker plant to the state. The other, HB 4019, is meant to attract downstream natural gas manufacturing facilities. We’re delighted to tell you that both bills are now law in the Mountain State, part of a package of 13 bills related to oil and gas that Gov. Justice signed into law on Wednesday.

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