WV House Passes Bill Changing How O&G Wells Valued for Taxation

March 31, 2021March 31, 2021

Stiff opposition from officials in Marcellus/Utica-producing counties in West Virginia has flared up over House Bill (HB) 2581 (see WV House Advances Bill to Change How O&G Wells Valued for Taxation). The bill, passed by the House of Delegates yesterday in a 66-34 vote, changes how the State Tax Department values producing oil and gas wells for property tax purposes. Some officials say it will create a critical shortfall in revenue.

To view this content, log into your member account. (Not a member? Join Today!)