WV Passes Bill to Change O&G Well Valuations for Taxes
The deed is done. On Saturday, the last day of the legislative session in 2021, the West Virginia Senate unanimously passed House Bill (HB) 2581 which changes how the State Tax Department values producing oil and gas wells for property tax purposes. As we told you last Thursday, the Senate version modified the bill from its original intent of allowing landowners to claim big deductions (see WV Senate Changes Bill that Revises O&G Well Valuations for Taxes). The fear was that counties would be shorted property tax revenue.
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Last MDN told you that the West Virginia House of Delegates had passed House Bill (HB) 2581, which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see 
Prepare for some mental gymnastics. Limber up your brain so you can follow this story. As you know, some big pension funds and investment firms have been on a “divestment” kick, eliminating their investments in filthy fossil fuel companies (see 
Last week we brought you the earthshattering news of a resurrection–the resurrection of the Williams Northeast Supply Enhancement (NESE) pipeline project in the New York City area (see 
The headline of this post and indeed the post itself (below) is not our view or opinion. It was authored by an oil and gas industry veteran, David Blackmon, writing on the Forbes magazine website. Yes, we previously covered the absolute disaster that Biden is pedaling as an “infrastructure” plan (see 
Talk about using a sledgehammer to kill a fly. The two U.S. Senators from Massachusetts, Elizabeth “Pocahontas” Warren and Ed “Lackey” Markey, have reintroduced a bill that would ban the use of compressor stations along natural gas pipelines if those pipelines happen to export some of the gas flowing through them to Canada or Mexico. Do these idiots understand how much gas is imported and exported with Canada and Mexico every single day? That they propose to shut down all of it, simply so they can shut down a single compressor station in Weymouth, Mass., is sick and twisted…
Republican U.S. Senators (at least a few) have noticed the alarming situation at the Federal Energy Regulatory Commission (FERC) under new Chairman Richard “Dick” Glick. Senate Energy and Natural Resources Committee Ranking Member Sen. John Barrasso is questioning FERC over its recent decision to reconsider whether or not the Weymouth, Mass. compressor station should have been approved. That’s after the station has been up and running with no problems. It is not right for a new administration to reopen an already-approved (under a different administration) project and threaten to cancel it. It’s not fair nor right in anybody’s book. It’s lawless. Sen. Barrasso tells FERC it has some splainin’ to do. 
Joe Biden visited Pittsburgh yesterday to make a major policy announcement. Fortunately, he was lucid enough to actually know which city he was in! Biden unveiled a $2 trillion “American Jobs Plan” which raises corporate and individual tax income rates. It is half of his total package (another plan with another $2 trillion is coming in a few weeks). The Jobs Plan is supposed to be a plan to rebuild roads and bridges and other infrastructure. The Jobs Plan is misnamed. Much of the money has nothing to do with infrastructure and jobs. Instead, it’s the Green New Deal under another name, targeting the elimination of fossil energy in the name of saving the planet.
Shale and conventional oil and gas drillers in West Virginia listen up: If you file for a modification to a previously filed permit request, it’s going to cost you $2,500. Currently, it costs nothing. Two weeks ago we told you about Senate Bill (SB) 404 (see 
For years PA’s small, independent conventional oil and gas drillers have objected to the one-size-fits-all regulations concocted by the Wolf DEP that applies the same regulations to small conventional drillers as those used for big shale drillers. The two types of drilling are apples and oranges. Making small conventional drillers jump through the same hoops as big shale drillers will bankrupt many of the smaller companies. As in previous years, a bill will soon be introduced to separate the regulations for the two…
Hey, it’s that time of year when thoughts turn to the events of some 2,000 years ago and a Jewish rabbi named Jesus who was raised from the dead. Although nowhere near as world-changing as that event, we have another rise-from-the-dead situation: Williams’ Northeast Supply Enhancement (NESE) pipeline project. We told you in May of last year after the corrupt Governor of New York, Andrew Cuomo, and Gov. Phil Murphy of New Jersey refused to grant permits to build NESE, that Williams had walked away form the project (see 
The Virginia Dept. of Environmental Quality (DEQ) is purposefully dragging its feet in an attempt to derail Equitrans’ Mountain Valley Pipeline project. DEQ is telling the U.S. Army Corps of Engineers that it will take the rest of this year to review and plan for roughly 120 stream crossings in the state, requesting a time extension of at least six months to do so. If the Army Corps (now controlled by Joe Biden) agrees to DEQ’s request, there is no way MVP, currently 92% complete, can reach 100% completion by the end of this year.
Joe Biden is proposing an insane “infrastructure” plan that will run into the trillions of dollars. All of that money comes from somewhere folks. Money is not free and you can’t simply print it forever without inflation going haywire and the U.S. becoming the new Venezuela. But we digress. As part of spending more money on infrastructure, Biden is looking to change the 50-year-old National Environmental Policy Act (NEPA), which regulates construction of infrastructure, by putting back into place strangling regulations that Donald Trump relaxed so it doesn’t take a decade to build a new road.
The flaky Federal Energy Regulatory Commission (FERC) Commissioner Neil Chatterjee, who lately has taken to stabbing natural gas pipelines in the back (see