The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB
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- Gassed up and ready to go
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- Local lawmakers: Pipelines could have economic benefits
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- Antero Resources projects 20 percent production increase in year ahead
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- China Energy MOU impact paying dividends for Northern Panhandle properties
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- State's greatest period of infrastructure development at hand
- Letter: WV on cusp of major development with natural gas pipeline projects
- Several Southern West Virginia counties to receive $8 million from oil and natural gas property taxes
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.”
Here are a few of my favorite things: heat and air conditioning, my car, refrigerator and killer stereo.
I also love lights, though I wish my kids would learn how to turn them off. The two times we lost power for a week — once during an ice storm — convinced me I would have been one sorry cave man.
That’s why I support construction of the Atlantic Coast Pipeline, the 600-mile natural gas pipeline that would deliver 1.5 billion cubic feet of natural gas per day to Virginia and North Carolina.