Severance Taxes in Four WV Counties

For the fiscal year 2014-2015 these four counties in the northern panhandle received the following amounts of severance tax.   According to the article I read in the Tyler Star News, Tyler received about twice as much severance tax as the previous year.

Wetzel    $ 1,899,000

Marshall  $ 1,136,000

Ohio         $714,206

Tyler        $ 616,764

Guess one can conclude where the oil  and gas  activity is in West Virginia.

From the Tyler Star News,   November18, 2015   page 8

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0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on November 22, 2015 at 12:59pm

The State will have to increase the Severance Tax in order to cover for the Coal Tax they had been taking in prior to the War On Coal. I'm betting the state spent more money mapping the coal seams than they have taken in, or will ever take in.

Serves them right for taxing a mineral that is still where God left it.

Hey, that's a great idea. Tax the well products before they are produced. The state won't make any money off of the landowners in the form of Income Taxes since the producers are short changing the landowners like Chesapeake was doing. 

Just start a program to map all the oil and gas in WV then charge the landowners in advance. Just be more careful about how much you spend this time on the O&G mapping, since another energy source might make oil and gas absolute as well.

Permalink Reply by Heidlebergman on November 29, 2015 at 6:55am
All the oil and gas wells are already mapped. Some datasets are better than others. The maps go back to the 1800's.

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