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Statoil Tax Dispute in West Virginia Sent Back to County Courts

A judge on the West Virginia Supreme Court of Appeals ruled that a dispute between a unit of Norway’s Statoil ASA and four counties over nearly $7 million in property taxes the company claims it overpaid must be handled in the county court system.

December 1, 2016
Little Disagreement On NatGas, Coal in West Virginia Gubernatorial Race

Little Disagreement On NatGas, Coal in West Virginia Gubernatorial Race

No matter what happens on election day next month, West Virginia voters will select another pro-energy governor, as both major party candidates have defended coal and touted natural gas during a blurry campaign that’s boiled down to which man can better manage those resources for the state.

October 24, 2016

FirstEnergy’s $40M Pennsylvania Project to Boost Electric Service For NatGas Processors

FirstEnergy Corp. has started another project to expand electric power infrastructure in the Appalachian Basin to serve the region’s shale development, announcing Wednesday that crews were at work raising steel structures and pouring concrete foundations for a $40 million project in Southwest Pennsylvania.

October 20, 2016

West Virginia NatGas Output Kept Climbing Last Year

Combined conventional and unconventional natural gas production in West Virginia increased healthily again last year, which also marked the first time the Utica Shale contributed meaningfully to the state’s volumes.

October 6, 2016
Oilfield Recovery Prolonged as Many Laid-Off Employees Never Coming Back, Says Evercore

Oilfield Recovery Prolonged as Many Laid-Off Employees Never Coming Back, Says Evercore

Contrary to the optimism some oilfield services companies have expressed about finding a solid labor pool once the oil and gas upturn begins, many former employees have no intention of ever returning, according to a survey by Evercore ISI.

August 2, 2016
West Virginia Ends Rough Fiscal 2016 With $195M Shortfall in Severance Taxes

West Virginia Ends Rough Fiscal 2016 With $195M Shortfall in Severance Taxes

West Virginia’s severance tax revenues for fiscal year 2016 came in $195 million below projections, capping what officials characterized as a brutal year for the state’s energy industries.

July 11, 2016

Brief — West Virginia Budget

West Virginia Gov. Earl Ray Tomblin’s spokesman said on Friday that the governor would veto a budget passed by the legislature on Thursday that uses $183 million of Rainy Day reserve funds and $62 million of one-time funds from various state accounts to balance a deficit. The state has been without a 2016-2017 budget since March when lawmakers failed to pass it after they couldn’t agree on tax increases and spending cuts (see Shale Daily,March 15). Instead they relied on the reserve and one-time funds to plug a $270 million shortfall. Tomblin’s office said the budget doesn’t address a $380 million shortfall that’s projected for fiscal years 2018 and 2019 and said tax increases are going to have to be a part of the solution. The state has long relied on coal and natural gas severance taxes to balance its budget, but the commodities downturn has strained its finances. It has already cut state spending on the falling revenues (see Shale Daily,Oct. 6, 2015). The state has projected a significant decline in FY 2016 severance tax collections, reflecting coal’s sustained fall and stagnant gas prices. A special session has been scheduled for June 12. If lawmakers don’t pass a budget by July 1, state government would shut down.

June 3, 2016
FirstEnergy Progressing on WV Transmission Line to Support Shale Development

FirstEnergy Progressing on WV Transmission Line to Support Shale Development

Crews have begun raising steel poles for a new FirstEnergy Corp. transmission line designed to serve the needs of unconventional shale development in West Virginia.

April 28, 2016
FirstEnergy Progressing on WV Transmission Line to Support Shale Development

FirstEnergy Progressing on WV Transmission Line to Support Shale Development

Crews have begun raising steel poles for a new FirstEnergy Corp. transmission line designed to serve the needs of unconventional shale development in West Virginia.

April 28, 2016

Several Oil/Gas-Related Bills Headed For Defeat in West Virginia

With just days left in West Virginia’s annual legislative session, a suite of oil and natural gas-related bills that would benefit the industry appear headed for defeat.

March 8, 2016