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Report: West Virginia oil and gas production increased 6% in 2021

By Charles Young, WV News

CHARLESTON, W.Va. — West Virginia’s oil and gas production increased by around 6% in 2021, according to an annual report from the Gas and Oil Association of West Virginia

This production increase, to a total output of more than 2.7 trillion cubic feet, drove a 10% increase in state severance and local property taxes collected.

In total, more than $319 million in tax revenue was generated directly from gas and oil operators during Fiscal Year 2021, according to GO-WV Executive Director Charlie Burd.

“West Virginia’s energy abundance is cornerstone to the strength and security of our state,” he said.

“In addition to being a significant economic contributor, having a flexible, readily available energy source has fueled broad business and manufacturing growth that drives prosperity here at home.” …

To read more: https://www.wvnews.com/news/wvnews/report-west-virginia-oil-and-gas-production-increased-6-in-2021/article_f8470f34-f700-11ec-9d73-97bc9bf43549.html

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