Unless you excluded yourself from the Settlement Class, you are be a Participating Class Member. As a Participating Class Member, you were sent any portion of the Net Settlement Fund allocated to you and are bound by all orders and judgments entered by the Court regarding the Settlement. You will not be able to sue, continue to sue, or be part of any other lawsuit against any of the Released Parties concerning any of the Released Claims.
Release
All Class Members, on behalf of the “Releasing Parties,” released any “Released Claims” they have or may have against the “Released Parties.” This means that if you remained a member of the Settlement Class, any and all claims related to unpaid interest for oil or gas proceeds during the Claim Period are released and discharged.
“Claim Period” means May 31, 2015, through November 30, 2022.
“Released Claims” means all claims and damages (statutory, contract, tort, equitable, punitive, and other relief) of the Releasing Parties related to underpaid and unpaid statutory interest for payments on Oklahoma oil and gas production made during the Claim Period. This release includes claims asserted in the Litigation, or that could have been asserted in the Litigation, for failure to pay interest on payments made outside the time periods set forth in the Production Revenue Standards Act or applicable contracts, including prior period adjustments (PPAs).
“Released Parties” means Defendant as well as its respective parent companies, subsidiaries, affiliates, former or present officers, directors, members, employees, agents, attorneys, board members, successors, assigns, and consultants.
“Releasing Parties” means Plaintiffs and all Settlement Class members who do not timely and properly opt‑out or submit a request for exclusion from the settlement, and who are not otherwise excluded from the Settlement Class by order of the Court.