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CHARLESTON, W.Va. (WV News) — A bill aimed at leveling the legal playing field between oil and natural gas operators and royalty owners has greatly changed as it has worked
Only gas and oil industry representatives expressed support for House Bill 4850, which would remove a sunset provision on gas and oil property tax methodology, during a public hearing on the bill. HB 4850 would remove a sunset clause set for next year on the methodology that has drawn criticism that it s unfair to taxpayers.
The West Virginia House of Delegates passed a bill, House Bill 5268, that would allow enhanced oil and gas recovery for horizontal well and drilling operations. The approval of the Gas and Oil Association of West Virginia-backed legislation is one of many moves the Legislature has made this session to support the gas and oil industry.