WV’s Screwed-Up Oil & Natural Gas Property Tax Valuation Change
In April, on the last day of the West Virginia legislative session for 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 (see WV Passes Bill to Change O&G Well Valuations for Taxes). The bill was supposed to streamline and provide a fairer system for assessing taxes on oil and gas production. It seems to have done the opposite, creating a complex system that is currently mired in controversy. Once again government intervention made things worse.
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The Route 2 | I-68 Authority in West Virginia wants to expand Route 2 to four lanes from Parkersburg, WV to Chester, WV, and to extend Interstate 68 from I-79 near Morgantown, WV westward to WV Route 2 along the Ohio River Valley, some 73 miles (see 
Southwestern Energy, which is one of the biggest Marcellus/Utica drillers, previously applied for a conditional use permit from the City of Weirton, WV that would allow them to build a well pad and drill several wells on it all within the city limits of Weirton. The request came before the Weirton Zoning Board of Appeals in August but the board delayed a decision until this month, September. Following almost three hours of comments and testimony yesterday, the Zoning Board of Appeals unanimously voted down Southwestern’s request–a decidedly unfriendly gesture by the normally gas-friendly municipalities in WV.
In January MDN told you that UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, wants to buy Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million (see 
Last week both Pennsylvania and West Virginia issued permits to drill new shale wells. Ohio remained skunked for a sixth week in a row. What’s going on in Ohio? Or rather, what isn’t going on there? PA issued 15 new shale permits. Not to be outdone, WV also issued 15 new shale permits.
Yesterday the Pittsburgh Post-Gazette published a puff piece praising Brian Anderson, director of the National Energy Technology Laboratory (NETL) and now the head of the Biden administration’s Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, an effort to kill the use of fossil fuels (see 
There is a very real and tangible cost to the delays coming from the Federal Energy Regulatory Commission (FERC) with respect to reviewing natural gas pipeline projects. Those delays, intentionally created by current FERC Chairman Richard “Dick” Glick, are costing West Virginians jobs and money. JB McCuskey, the state auditor for WV, should know. He audits how tax dollars are spent in the state. His office reviews and approves general operating budgets for some 700 municipalities, counties, and school districts across the state. McCuskey says FERC is tangibly hurting the state of WV by dragging its feet in reviewing pipeline projects.
A new report (full copy below) commissioned by the American Petroleum Institute (API) and undertaken by PricewaterhouseCoopers (PwC) has found the oil and natural gas industries directly or indirectly supported over 188,000 jobs in Pennsylvania in 2019, or 6.1% of the total share of commonwealth employment. Furthermore, the oil and gas industries produced $14.2 billion in labor income, which was 7.9% of the state total share, and had a statewide economic impact of $31.9 billion, for 9.7% of the state total share. The percentages for the impact of oil and gas on the West Virginia economy are similar.
How does this sound? You’d like a good job in the oil and gas pipeline industry, something skilled that requires some schooling. But you have a job now and can’t attend a class full-time and you can’t afford the tuition. If you live West Virginia, a huge opportunity has just opened up for you. TC Energy (pipeline giant based in Canada) is partnering with Kanawha County’s BridgeValley Community and Technical College to create programs to train future gas technicians for jobs that are expected to be in high demand in the next three to five years. If you live and stay living in WV, the 60 credit-hour (two-year) college program is tuition-free. Much of the work can be done online in a blended format–traveling to school for lab work only.