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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