FISCAL NOTE
Date Requested: January 26, 2022 Time Requested: 02:18 PM |
Agency: |
Environmental Protection, Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2167 |
Introduced |
SB480 |
|
CBD Subject: |
Environment |
---|
|
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.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
Passage of SB480 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 |
2022 Increase/Decrease (use"-") |
2023 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 |
1,351,800 |
1,351,800 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
The production data for 2020 indicates that there were 13,937 wells that produced 10,000 cubic feet of gas per day or more which would raise $1,351,800 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
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
None
Person submitting Fiscal Note: Gary Rogers
Email Address: Gary.W.Rogers@wv.gov