What is this lawsuit about?
The Litigation seeks damages for Defendant’s alleged underpayment of royalty on gas and gas constituents from Oklahoma oil and gas wells operated by Defendant from January 1, 2015, to and including May 31, 2025. Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation but has agreed to the proposed Settlement to avoid the uncertainty, burden, and expense of continued litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses.
Who is included?
The Settlement Class in the Litigation consists of the following individuals and entities:
All non‑excluded persons or entities who are or were royalty owners in Oklahoma wells who received gas royalty payments from JMA Energy for the Claim Period for the Class Wells operated by JMA Energy. The Class claims relate to the correctness and adequacy of royalty payments and/or non‑payments for gas and its constituents produced in any form, including, but not limited to, residue gas, casinghead gas, natural gas liquids, helium, nitrogen, drip condensate, and gas used on or off the lease premises.
The Claim Period means checks, remittances, or payments to Settlement Class Members for royalty payments on natural gas or its constituents for the Class Wells from January 1, 2015, to and including May 31, 2025, subject to the terms of the Settlement Agreement regarding Released Claims.
What does the Settlement provide?
In settlement of Released Claims alleged in the Litigation, Defendant has agreed to pay One Million Eight Hundred Eight Thousand Five Hundred Dollars ($1,808,500.00) in cash (“Gross Settlement Fund”). In exchange for this payment and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims (as defined in the Settlement Agreement) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, Case Contribution Award, and any other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Settlement Class Members pursuant to the terms of the Settlement Agreement.