Main Menu

Law360 reports that West Virginia state court Judge Michael Lorensen ruled that EQT Corporation wasn't “prohibited under state law from deducting post-production costs from oil and gas royalties because amendments to the statute don't apply retroactively to wells permitted before the law went into effect.” The court stated, “while the initial version of the bill included a notation that the bill was intended to clarify the royalty owed, that language was removed in the final version and it was replaced with a caption stating that Senate Bill 360 was modifying the permit issuance prohibition.”

 EQT Corporation is represented by McKool Smith principals Lauren Varnado and David Dehoney. Read the article here.

Back to Page