If you received payment for royalties on natural gas and its constituents produced from well(s) in Oklahoma from BP America, you may be entitled to benefits under a class action settlement.
NOTICE: The Initial Plan of Allocation of the Net Settlement Fund ("Initial Allocation") has been posted on the Important Documents page. The Initial Allocation reflects the estimated amount of the Distribution Check that would be sent to you based upon: (1) the royalty paydeck information provided by BP and obtained from third-party operators pursuant to the Settlement Agreement; (2) the assumption that no putative Class Member timely and properly submits a Request for Exclusion from the Settlement Class or is excluded from the Settlement Class by order of the Court; and (3) the assumption that Plaintiff's application for Attorneys' Fees, Litigation Expenses, and a Case Contribution Award is approved, as posted on the Important Documents page.
What is the lawsuit about?
Plaintiff (John Cecil) alleges that BP America breach an implied covenant to market, breached the underlying leases, breached an alleged fiduciary duty, violated RICO, and committed fraud with respect to royalty payments for gas and its constituents (including helium, residue gas, natural gas liquids, nitrogen and condensate). Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation. The Court has made no determination with respect to any of the parties' claims or defenses.
The Court did not decide in favor of Plaintiffs or Defendant. Instead, both sides agreed to a settlement. That way, they avoid the cost of a trial, and settlement benefits go to the Class Members. The Class Representatives and Plaintiff's Counsel believe the Settlement to be in the best interest of the Class. The case is known as Cecil v. BP America, Case No. 16-CV-00410-KEW.
Who is included?
The settlement class consists of the following, subject to certain exclusions:
All persons or entities who are or were royalty owners in wells located in Oklahoma which had production during any portion of the time period from January 1, 1985 through and including December 31, 2017, where Defendant BP America Production Company (including its affiliated predecessors and affiliated successors) is or was the operator (or a working interest owner) who marketed its share of gas as to production before January 1, 2018. The claims in this matter relate to royalty payments for gas and its constituents (such as residue gas, natural gas liquids, helium, nitrogen, or drip condensate).
A list of the excluded persons and entities can be found in the Notice, which is available for download from the Important Documents page, and on the FAQ page.