Wise County

Diversified Energy | Energy Companies | EQT Corp | Industrywide Issues | Litigation | Taxation | Virginia | Wise County

EQT & Diversified Win Va. Supreme Court Case Lowering Tax on Assets
May 27, 2026May 27, 2026

The Virginia Supreme Court issued a ruling last Thursday with far-reaching consequences not only for the plaintiffs who won the case (EQT and Diversified Energy) but also for other conventional and, if it ever develops, shale drillers in the state. EQT and Diversified sued Wise County, VA, alleging that Wise County’s method of valuing their assets in the county overvalued them, resulting in a much higher tax bill. The Supremes agreed and sent the case back to a lower court to rework the valuations. Read More “EQT & Diversified Win Va. Supreme Court Case Lowering Tax on Assets”
Diversified Energy | Energy Companies | EQT Corp | Industrywide Issues | Litigation | Virginia | Wise County

EQT, Diversified Lose Court Case re Value of Assets in Va. County
April 1, 2025April 1, 2025

MDN exclusively brought you the news, in June 2018, that Diversified Gas & Oil (now renamed to Diversified Energy) had purchased EQT’s Huron Shale assets in Kentucky, Virginia, and West Virginia for $575 million (see Diversified Gas & Oil Adds to Conventional Assets in KY, VA, WV). The deal included nearly 12,000 wells with 200 million cubic feet per day (MMcf/d) of natural gas production. It also included 2.5 million acres of leases and some 6,400 miles of gathering pipelines. Of the assets involved in the sale, 578 gas wells, 187.7 miles of pipes, and 14 compressors were located in Wise County, Virginia. The Wise County assets and how they were/are valued for tax purposes are the focus of this post. Read More “EQT, Diversified Lose Court Case re Value of Assets in Va. County”