WV Supreme Court Rules Against Antero in Well Tax Valuation Case
In a court case that stretches back to 2019, Antero Resources, the biggest driller in West Virginia, challenged how its wells had been valued for tax purposes in Doddridge and Richie counties for 2016 and 2017. Antero said the combined value of its wells for those years should have been $1.488 billion. The state tax commissioner reckoned the value to be $1.513 billion. The controversy of well valuations not only for Antero but other drillers led to a reworking of how the state law values shale wells (see WV Supreme Court Tweaks Shale Well Property Tax Calculation). That whole process is still playing out with a newly passed bill (see Bill to Fix WV NatGas Property Tax Rule Close – Will Gov Sign?). However, there’s still the outstanding issue of valuations back in 2016/2017 to resolve. Last week the WV Supreme Court resolved it…
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West Virginia Senator Joe Manchin, a Democrat, has (for months) forcefully pushed the issue of completing the 94% done-and-in-the-ground Mountain Valley Pipeline (MVP) project, a 303-mile pipeline from WV into Virginia. In early March Manchin let all five Federal Energy Regulatory Commission (FERC) commissioners know of his displeasure that MVP, along with other pipeline projects, is delayed (see 
Pennsylvania, Ohio, and West Virginia are all scrambling to form intrastate working groups or other alliances in an attempt to be THE state chosen for one of four regional hydrogen hubs funded by the recently passed so-called Biden infrastructure bill (see 
In March the U.S. Securities and Exchange Commission (SEC), corrupted by the Bidenistas, said it will begin to force all publicly traded companies to disclose their so-called greenhouse gas (GHG) emissions and the imaginary climate risks their businesses face (see 
In January a new bill was introduced in the West Virginia Senate requiring the entire state government, all of the various state agencies and governmental departments, to stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies (see 
Radical green groups, including the Sierra Club (
Last week Pennsylvania issued 21 new shale well permits, with Snyder Brothers grabbing seven, PennEnergy Resources getting six, and Coterra Energy (formerly Cabot Oil & Gas) receiving five. In each case, the permits for each company were for a single well pad. Ohio issued just three new permits last week, two for Ascent Resources and one for Southwestern Energy. West Virginia finally came back to life, issuing seven new shale permits last week. Six of the WV permits were for Antero Resources, one for Southwestern Energy.
Pennsylvania, Ohio, and West Virginia are all scrambling to form working groups or other alliances in an attempt to be THE state chosen for one of four regional hydrogen hubs funded by the recently passed so-called Biden infrastructure bill (see 
In January a new Senate bill was introduced in the West Virginia Senate requiring the entire state government, all of the various state agencies and governmental departments, to stop doing business with any bank or investment firm that refuses to support coal, oil, and natural gas companies (see 
Two weeks ago U.S. Sen. Joe Manchin, from West Virginia, unloaded on the five commissioners of the Federal Energy Regulatory Commission (FERC) during a hearing before the committee he chairs, the Senate Energy Committee (see