Energy Companies | Industrywide Issues | Jay-Bee Oil & Gas | Lease & Royalty Payments | Litigation | Statewide WV | West Virginia
Jay-Bee Paying $42M to Settle WV Post-Production Deduction Lawsuit
Here’s a lawsuit that flew under our radar — until now. Several landowners in West Virginia sued Jay-Bee Oil & Gas, alleging “improper royalty deductions” were made from royalty checks for post-production work from 2010 to 2023. The landowners (their lawyers) convinced a court to turn the lawsuit into a class action. Jay-Bee denies the claims in the lawsuit but has agreed to settle the dispute to avoid additional litigation by paying $42.6 million into a settlement fund established to disburse payments to participating class members.
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In February, MDN told you about Dominion Energy’s filing to build a new 45-mile pipeline to connect Equitrans’ (now EQT’s) MVP Southgate pipeline project with Duke Energy’s planned new natural gas power plants on Hyco Lake’s southern shore (see 
Hats off to Pennsylvania State Senator Gene Yaw, who is floating yet another bill that will benefit the state, electric ratepayers, and the Marcellus industry — all at the same time. Yesterday, Yaw announced his intention to float a new bill that would create the Pennsylvania Baseload Energy Development Fund. What is it? It’s a fund that would set up a revolving loan program at a low interest rate to encourage private companies to build more baseload electric power generation in the state. That is, build more gas-fired power plants.
Yesterday, MDN brought you the news that two dozen states have asked the U.S. Supreme Court to place a temporary block on new EPA regulations that will put all coal plants out of business and block most (if not all) new gas-fired power plants from getting built (see 
The International Gas Union (IGU), Snam, and Rystad Energy partnered (as they have in the past) to produce and release the Global Gas Report 2024 (full copy below). The authors are sounding the alarm. According to the study, should gas demand continue to grow as it has in the last four years without additional production development, a 22% global natural gas supply shortfall is expected by 2030. If demand continues to strengthen, the shortfall will be even more pronounced. There is, say the authors, an urgent need to scale up investments. NOW. 
As we often point out when discussing the fugitive methane issue, the number one source of fugitive methane emissions, at 40%, is Mom Earth herself (i.e., “natural”). The number two source, at 24%, is agriculture. The number three source, at 21%, is oil and gas operations. Yet global warming nutjobs ONLY focus on emissions from O&G and ignore the other 79% of sources, including natural. Every now and again the nutters will mention other sources to try to protect their tattered reputations. Even then, they twist the science. Get this latest howler: Burning fossil fuels, which supposedly causes global warming, “may” be causing Mom Earth to emit even more fugitive methane that she otherwise would emit. So, we all must stop using fossil fuels right now or risk obliterating all life on earth. Or something like that. 
MARCELLUS/UTICA REGION: Donation of oil and gas industry standards to Penn College enhances curriculum; Penn College gets grant from Coterra Energy; $500K gift aids laboratory upgrades at WVU Statler College; NATIONAL: Exxon joins OPEC in warning of looming oil supply crisis; Hydrogen may be bad bet for gas turbine makers; CBS attacks plastic recycling using Rockefeller-funded ICN; Yes, Kamala Harris wants to ban your gas stove; INTERNATIONAL: Equinor to deploy world’s first supply vessel running on ammonia; European gas’s near-term risks are stealing winter’s thunder.