WV Landowners Left Out of EQT Class Action Can’t Sue Now
In early 2019, EQT, the largest natural gas producer in the U.S. (and in the Marcellus/Utica) settled a class action lawsuit in West Virginia with landowners and rights owners ending EQT’s practice of post-production deductions from royalty checks (see EQT Settles WV Class Action Royalty Lawsuit for $53.5M). EQT agreed to pay $53.5 million into a settlement fund that will disburse payments to each individual litigant–unless they elected to opt out of the settlement and continue on with a private lawsuit against EQT. Several landowners say they were not given the opportunity to join (or opt out of) the class action, so they launched their own new/separate lawsuit. A federal judge has just shut them down.
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A nice bump up (finally) in the number of permits to drill new shale wells in the M-U, although it’s a lot of wells for a relatively few well pads. Pennsylvania issued 19 new permits across five pads in both the northeast and southwest portion of the play, including 8 permits for a single Cabot Oil & Gas pad in Susquehanna County. Ohio issued just 3 new permits, all to Encino Energy for a single pad in Carroll County. And West Virginia issued a surprisingly high 18 permits to two drillers on three pads in two counties: Marshall and Monongalia.
Sometimes it seems like a full-time job running around and setting the record straight, correcting the outright lies and half-truths spun by the wacko environmental left. For example, shoveling up the messes made by the Ohio River Valley Institute (ORVI), a far-left, hyper-partisan, nonprofit organization. Last month ORVI peddled falsehoods at a hearing convened by the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management which is conducting a study on the prospects for a petrochemical industry in the Marcellus/Utica (see
We don’t often use material from the known fake news source called the New York Times, but here we are using a second article from the NYT in one day! The article (below) does its best to shred the reputation and credibility of Joe Manchin, senior U.S. Senator from West Virginia. We have to confess we’re a bit wary of Manchin given his tendency to cave under pressure and vote with the Democrat Party line. But Manchin is all that currently stands in the way of Joe Biden and the Democrat Party’s plan to eliminate natural gas (and coal), phasing both out as energy sources to produce electricity, part of the $3.5 trillion so-called budget reconciliation bill.
In April, on the last day of the West Virginia legislative session for 2021, the West Virginia Senate unanimously passed House Bill (HB) 2581 which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see
The Route 2 | I-68 Authority in West Virginia wants to expand Route 2 to four lanes from Parkersburg, WV to Chester, WV, and to extend Interstate 68 from I-79 near Morgantown, WV westward to WV Route 2 along the Ohio River Valley, some 73 miles (see
Southwestern Energy, which is one of the biggest Marcellus/Utica drillers, previously applied for a conditional use permit from the City of Weirton, WV that would allow them to build a well pad and drill several wells on it all within the city limits of Weirton. The request came before the Weirton Zoning Board of Appeals in August but the board delayed a decision until this month, September. Following almost three hours of comments and testimony yesterday, the Zoning Board of Appeals unanimously voted down Southwestern’s request–a decidedly unfriendly gesture by the normally gas-friendly municipalities in WV.
In January MDN told you that UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, wants to buy Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million (see
Yesterday the Pittsburgh Post-Gazette published a puff piece praising Brian Anderson, director of the National Energy Technology Laboratory (NETL) and now the head of the Biden administration’s Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, an effort to kill the use of fossil fuels (see
There is a very real and tangible cost to the delays coming from the Federal Energy Regulatory Commission (FERC) with respect to reviewing natural gas pipeline projects. Those delays, intentionally created by current FERC Chairman Richard “Dick” Glick, are costing West Virginians jobs and money. JB McCuskey, the state auditor for WV, should know. He audits how tax dollars are spent in the state. His office reviews and approves general operating budgets for some 700 municipalities, counties, and school districts across the state. McCuskey says FERC is tangibly hurting the state of WV by dragging its feet in reviewing pipeline projects.
A new report (full copy below) commissioned by the American Petroleum Institute (API) and undertaken by PricewaterhouseCoopers (PwC) has found the oil and natural gas industries directly or indirectly supported over 188,000 jobs in Pennsylvania in 2019, or 6.1% of the total share of commonwealth employment. Furthermore, the oil and gas industries produced $14.2 billion in labor income, which was 7.9% of the state total share, and had a statewide economic impact of $31.9 billion, for 9.7% of the state total share. The percentages for the impact of oil and gas on the West Virginia economy are similar.