The West Virginia state Senate has unanimously passed a bill to eliminate volumetric fees that natural gas producers pay in addition to the state’s severance tax.
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A recently released report by the West Virginia Center on Budget and Policy, a liberal think tank, recommends increasing the state’s severance tax on natural gas liquids (NGL) if they are not being used to develop more in-state industries such as chemical manufacturing.
FERC on Thursday authorized Columbia Gulf Transmission LLC to construct a pair of pipeline segments totaling 34 miles and a new 12,260 hp compressor station in Jefferson Davis, Cameron, and Calcasieu parishes in Louisiana.
It was still unclear Tuesday exactly how much oil had spilled from a 109-car CSX Corp. train that derailed in a fiery crash on Monday in southern West Virginia, state regulators said.
West Virginia Gov. Earl Ray Tomblin has signed a bill into law that will allow the simple transfer of oil and natural gas drilling permits to any company acquiring acreage in the state in a move that is expected to help save both time and money.
Oil and natural gas production increased markedly in West Virginia between 2012 and 2013, the latest year for which data is available, with shale drillers not surprisingly accounting for an overwhelming majority of the gains, according to data compiled by state regulators.
Federal regulators have slapped ExxonMobil Corp. subsidiary XTO Energy Inc. with a $2.3 million fine for violations of the Clean Water Act that occurred at eight sites in West Virginia beginning in 2011.
December natural gas is expected to open 10 cents higher Friday morning as a shift to cooler temperatures was noted for both East and West Coast population centers. Overnight oil markets skidded.
The West Virginia Department of Commerce is evaluating bids from several exploration and production (E&P) companies interested in valuable mineral rights below the Ohio River in the northern part of the state.
An ethane cracker and associated petrochemical facilities could bring billions to the economy of West Virginia for the next 40 years, but state officials must enact several strategies in order to take maximum advantage of that opportunity, according to a report.