Removing cap on numbers of wells operators required to pay annual oversight fee

HB 2413 removes the current limits on the number of oil and gas wells for which operators must pay an annual oversight fee. Under the existing law, operators only pay the fee for the first 400 wells (for high-production wells) or the first 4,000 wells (for lower-production wells), but this bill eliminates those caps. Operators will now be required to pay the fee for every qualifying well that meets production thresholds (e.g., over 10,000 cubic feet of gas per day). This directly affects oil and gas operators in West Virginia with active wells that exceed these production levels.