Equinor Wins Refund of Gas Severance Tax Paid in WV for Two Years

Yesterday, the Intermediate Court of Appeals for West Virginia issued an opinion in a case that had (until now) escaped our radar. Equinor, Norway's state-owned oil and gas company (previously known as Statoil), said it had overpaid its severance tax bill in West Virginia for the years 2014 and 2016. Equinor said WV miscalculated the value of propane, butane, ethane, and methane produced by the company. A WV judge agreed, also granting Equinor a further 15% safe harbor deduction for transportation and transmission costs.

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