West Virginia’s severance tax collections continued to plummet in November, driven primarily by low oil and natural gas prices, which have also hurt personal income tax collections and helped to widen a projected budget deficit for fiscal year 2016.
Tag / West Virginia
SubscribeWest Virginia
Articles from West Virginia
Appalachia’s Top Oil/Gas Producing States Joining Hands to Spur Shale Development
The Appalachian Basin’s three leading oil and gas producing states have signed a three-year cooperative agreement aimed at creating policies that would promote the region’s prolific shale plays to help generate more economic opportunities.
Integrated Wet Gas Region Forms in West Virginia, SW Pennsylvania
Southwestern Pennsylvania and West Virginia have formed an “integrated region” for natural gas drilling, an area where well drilling increasingly has been focused in the Appalachian Basin, according to the U.S. Energy Information Administration (EIA).
Texas Eastern Holding Open Season for Marcellus-to-Midwest Project
Spectra Energy’s Texas Eastern Transmission LP is holding a supplemental open season for firm transportation service on its Uniontown to Gas City (U2GC) Expansion Project, which offers shippers a new firm path from the Marcellus Shale in west Uniontown, PA, to the pipeline’s existing interconnect with Panhandle Eastern Pipeline near Gas City, IN.
Ohio, Pennsylvania, West Virginia Issued 411 Permits in July
State regulators in Ohio, Pennsylvania and West Virginia collectively issued 411 permits for oil and gas drilling during the month of July, most of which targeted the Marcellus and Utica shales.