O&G Opposes Plan to Raise WV Severance Tax to Fix Roads
We didn’t think it would take long for the oil and gas industry to push back against efforts to raise the state’s severance tax from 5% to 6% and use the “extra” money to fix secondary roads in the state (see WV Republican Senator Wants 6% Severance Tax to Fix Roads). What we didn’t know about (until now) is that a second such bill was introduced in the House by a Democrat, the second bill raising the severance tax by 50% to 7.5%! Talk about nuts!!
Read More “O&G Opposes Plan to Raise WV Severance Tax to Fix Roads”
Why do politicians never seem to grasp the obvious? Distressingly, we’re now reading that a West Virginia State Senator, Randy Smith (Republican, Tucker County), wants to add another 1% to the already-high 5% natural gas and oil severance tax, in order to use the money to fix back roads across the Mountain State.
Westmoreland Gas, headquartered in Bridgeport, WV, was founded in August 2018 by two industry veterans, one with close ties to Mountain V Oil & Gas. According to a press release issued two days ago, Westmoreland closed on oil and gas assets in WV on Dec. 31, essentially launching the company.
The Independent Oil & Gas Association of West Virginia (IOGAWV) held its annual winter meeting on Tuesday and Wednesday. There was a LOT of talk of WV nabbing the much-talked-about multi-billion dollar NGL storage hub project.
Three years ago lawsuits filed by some 200 West Virginia residents against Antero Resources were combined into a class action lawsuit (see 
At the beginning of each new year the West Virginia legislature fires up its annual 60-day session. WV legislators are part-time and only meet for two months out of the year. (How we wish that were the case here in NY!) For a number of years running, the oil and gas industry’s legislative agenda has pushed certain new bills. This year is different.
West Virginia is in desperate need of jobs following decades of job losses in the coal industry (from 70,000 jobs in the 1970s to 13,000 today). WV has another great natural resource: natural gas. As coal was to WV, natgas now is.
In December 2017, the Federal Energy Regulatory Commission (FERC) issued a final approval for the Mountaineer XPress pipeline project (see 
There’s nothing like some cold, hard facts to shock the public (in particular anti-fossil fuelers) back into reality. Mountain Valley Pipeline (MVP) provided just such a bucket of cold, hard facts yesterday by issuing an update on the project. Mainstream media (MSM) would have you believe that MVP, a 300-mile pipeline from Wetzel County, WV to the Transco Pipeline in Pittsylvania County, VA, is on its last legs. About to be canceled for good. No hope of completing it. Yet, the facts say otherwise.
Earlier this week West Virginia regulators signed a deal with Diversified Gas & Oil to plug some 730 abandoned conventional oil and gas wells over the next 15 years. In June, MDN brought you the news that Diversified had purchased EQT’s Huron Shale assets in Kentucky, Virginia and West Virginia for $575 million (see 
Although the Democrats will seize control of the House of Representatives come January, putting Nancy Pelosi in charge, fortunately the Senate will remain under Republican control. However, as happens each two years, a number of committee assignments and chairmanships and ranking member assignments will change. One of those changes is in the Senate Energy and Natural Resources Committee. West Virginia Sen. Joe Manchin (Democrat) may become the ranking (longest serving) Democrat on the committee, and because of tradition, he would then assume the role of Ranking Member of the committee. That prospect doesn’t sit well with the radical children of the Big Green movement–because Manchin is from WV and he loves and supports the coal industry and he loves and supports natural gas. Worse yet, Manchin sometimes (not often, but sometimes) votes with Donald Trump (gag). The petulant children of Big Green groups like “Friends of the Earth” are stomping their feet, demanding that Senate Minority Leader Chuck Schumer deny Manchin the Ranking Member position.