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West Virginia sits on the cusp of one of the greatest periods of infrastructure development since, potentially, the creation of the interstate system. This development will provide tens of thousands of jobs, billions of dollars in investment, generations’ worth of tax receipts for state and county governments, and possibly most importantly, set the foundation for maximizing West Virginia’s oil and gas resources for the benefit of all West Virginians.

Natural gas interstate pipeline projects approved or under review by the Federal Energy Regulatory Commission represent what may be the largest private sector infrastructure investment in the state’s history. Four of those projects — the Mountain Valley Pipeline, Atlantic Coast Pipeline, Supply Header and the Leach Express Pipeline — are estimated to provide over $7 billion in investment and economic activity alone. The Mountain Valley, Atlantic Coast and Supply Header pipelines were recently approved by the Federal Energy Regulatory Commission, while the Leach Express was approved earlier this year.

West Virginia sits on the cusp of one of the greatest periods of infrastructure development since, potentially, the creation of the interstate highway system.

This development will provide tens of thousands of jobs, billions of dollars in investment, generations’ worth of tax receipts for state and county governments, and set the foundation for maximizing the state’s oil and gas resources for the benefit of all West Virginians.

County governments in seven southern West Virginia counties will receive more than $8 million from property taxes on oil and natural gas production. 

Taxes will provide county governments with more than $96 million for local school systems and community services, according to a Monday news release from the West Virginia Oil and Natural Gas Association. WVONGA serves the entire oil and natural gas industry, including organizations involved in construction, environmental services, drilling, transporting, distribution and processing.

Charleston, WV – Property taxes on oil and natural gas production will provide county governments in West Virginia with just over $96 million to fund local school systems and vital community services. The information is based on data from the West Virginia Division of Tax & Revenue.

“All counties in the state receive a portion of severance tax monies from oil and natural gas production.  Additionally, those counties where natural gas and oil production is occurring have received hundreds of millions of dollars in the way of property tax receipts over the past several years,” said Anne Blankenship, Executive Director of the West Virginia Oil & Natural Gas Association (WVONGA).  “Although the amount of property taxes may fluctuate year over year due to many factors including commodity prices, West Virginia producing counties continue to receive significant funds generated from the development of our oil and gas resources.”

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State's greatest period of infrastructure development at hand - West Virginia Oil and Natural Gas Association https://t.co/3Ovvb5xYCi