Tag: severance-taxes


Finance Chairmen: Natural Gas Severance Taxes Too Volatile to Properly Fund PEIA

MEMBER'S PRESS RELEASE Release date: 06/27/2018 Contact: Jared Hunt at (304) 340-3323 Craig Blair Eric Nelson Finance Chairmen: Natural Gas Severance Taxes Too Volatile to Properly Fund PEIA CHARLESTON, W.Va. – The Chairmen of the Legislature’s two Finance Committees today said increasing severance taxes on natural gas would be the wrong way to properly fund the Public Employees Ins...

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Wheeling Intelligencer - Northern Panhandle Counties Rake in Severance Tax

WHEELING - In 2014, West Virginia distributed more than $13 million to cities and counties as part of the state's growing natural gas and oil severance tax. About 30 percent of that total - $3.8 million - went to Northern Panhandle cities and counties, a West Virginia Press Association review of figures provided by the West Virginia Department of Tax and Revenue shows. Overall, the West Virginia o...

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Natural Gas Reports Spike in W.Va. Tax Payments

CLARKSBURG, W.Va. — As the coal industry continues struggling in West Virginia, the natural gas industry produced a spike in tax revenues during 2014. The West Virginia oil and natural gas industry paid more than $188 million in severance taxes last year, more than doubling the total from 2013. The steep increase came as a surprise to Corky DeMarco, executive director of the West Virginia Oi...

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