Equinor Unit Wins Natural Gas Taxation Case in West Virginia

An Equinor ASA subsidiary convinced a West Virginia appeals court that it’s entitled to a refund of severance taxes it paid on natural gas liquids produced in the state.

Equinor USA Onshore Properties Inc. properly alleged it overpaid severance taxes for tax years 2014 and 2016 because the state miscalculated the gross value of the butane, propane, methane, and ethane it sold to a midstream buyer, the West Virginia Intermediate Court of Appeals ruled Wednesday.

Equinor, previously known as Statoil Onshore Properties Inc., is also entitled to a 15% safe harbor deduction for transportation and transmission costs, Judge Charles O. ...