What is this lawsuit about?
Plaintiff claims that EQT underpaid royalties relating to coalbed methane gas produced from wells located in Virginia. Plaintiff alleges that EQT inappropriately deducted from royalties severance taxes that they were not permitted to deduct, and based its royalty payments into escrow on prices that were lower than EQT could have or should have obtained. Plaintiff asked EQT to pay monetary damages and prejudgment interest and for other relief.
EQT contends that it did not underpay royalty payments. It denies Plaintiff’s claims but has agreed to settle the class action based on the time and expense of continuing the lawsuit.
Additional information about the lawsuit and important court documents may be found on the Important Documents and FAQs pages of this website.
Who is included?
The Settlement Class is defined as all gas claimants who were identified by EQT in filings with the Virginia Gas and Oil Board as unleased owners of CBM estate interests and for whom EQT has applied, as of May 29, 2018, pursuant to Virginia Code § 45.1-361.22:2(A), for the release of funds held in escrow or internally, and all such gas claimants who have received distributions from escrow or directly from EQT as a result of a judicial determination of ownership or agreement between June 15, 2010 and April 1, 2018. “Gas claimants” is as defined by Virginia Code § 45.1-361.1. Excluded from the Class are (a) EQT, (b) any person who serves as a judge in this civil action and his/her spouse, (c) any individuals who have received a Court-supervised accounting of EQT’s CBM royalty payments into escrow or internal suspense, and (d) any person who operates a CBM well in Virginia and any person who holds a working interest in a CBM well operated by EQT in Virginia.
Some corporations, partnerships, or other entities included in the Class definition may now be dissolved. If you have succeeded to the interest of such a dissolved corporation, partnership, or other entity, you should immediately contact the Settlement Administrator at 1-833-747-6672 or the following address:
Virginia Gas Cases – Gilbert Class
c/o JND Legal Administration
P.O. Box 91345
Seattle, WA 98111
If you are a Settlement Class Member and the Judge approves the Proposed Settlement, you will be bound by all orders and judgments of the Court and by the Court’s final resolution of the Settlement Class claims in the Lawsuit. See Question 13 for your right to comment on or object to the Proposed Settlement.