WV Country’s 4th Largest NatGas Producer, Supplies 10% of U.S. Gas

Using data from several government agencies, the Gas and Oil Association of West Virginia, Inc. (GO-WV) published its annual Gas Facts report last week. According to the report (copy below), West Virginia natural gas production increased 6% to 2.8 trillion cubic feet (Tcf) in 2022. WV has moved up from fifth to now fourth largest natural gas producer in the country, providing 10% of the entire country's natural gas supply! Combined severance tax revenue from natural gas, oil, and natural gas liquids contributed 70% (nearly $714 million) of the over $1 billion allocated to the State General Revenue Fund for fiscal year-end June 30, 2023. The O&G sector in WV employs more than 17,000 direct jobs in the state, with an average salary of $93,739. According to a study by PriceWaterhouseCoopers, indirect jobs in WV related to the O&G industry number over 73,000 and contribute nearly $13 billion to the state’s economy.

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