FISCAL NOTE
Date Requested: January 11, 2023
Time Requested: 10:26 PM |
| Agency: |
Environmental Protection, Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1681 |
Introduced |
SB13 |
|
|---|
| CBD Subject: |
|
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FUND(S):
Special Fund
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Passage of SB13 with its proposed change will not affect expenditures but will increase revenues for the Office of Oil and Gas by charging $100 per well for wells that produce 10,000 cubic feet of gas per day or more.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
1,389,600 |
1,389,600 |
Explanation of above estimates (including long-range effect):
The production data for 2022 indicates that there were 13,896 wells that produced 10,000 cubic feet of gas per day or more which would raise $1,389,600 per year. Passage of this bill would allow the Office of Oil and Gas to bring back the 9 field staff which were part of the staff reduction in 2020 due to revenue issues. It would also shore up the budget for the Office of Oil and Gas.
Memorandum
None
Person submitting Fiscal Note: Gary Rogers
Email Address: Gary.W.Rogers@wv.gov