Hay Creek Royalties, LLC v. Mewbourne Oil Company
Hay Creek v Mewbourne Settlement
CIV-20-1199-F

Welcome to the Hay Creek v Mewbourne Settlement Website

If You Are or Were an Owner Paid by Mewbourne Oil Company for Oil-and-Gas Production Proceeds from an Oklahoma Oil-and-Gas Well, You Could Be a Part of a Proposed Class Action Settlement

Important Update: The Settlement Administrator began issuing Distribution Checks to eligible Class Members on January 3, 2023.

What is this lawsuit about?

The Litigation seeks damages for Defendant’s alleged failure to pay statutory interest on allegedly late payments under Oklahoma law. 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 the merits of any of the parties’ claims or defenses. A more complete description of the Litigation, its status, and the rulings made in the Litigation are available in the pleadings and other papers maintained by the United States District Court for the Western District of Oklahoma in the file for the Litigation.

Who is included?

The Settlement Class in the Litigation consists of all non-excluded persons or entities who: (1) received late payments under the PRSA from Defendant (or Defendant’s designee) for oil-and-gas proceeds from Oklahoma wells during the Claim Period; or (2) whose proceeds were remitted to unclaimed property divisions of any government entity by Defendant during the Claim Period; and (3) whose payments or whose unclaimed property did not include the statutory interest required by the PRSA. A list of the persons or entities excluded from the Class can be found in the Notice of Proposed Settlement, which is available for download from the Important Documents page.

What does the Settlement provide?

Defendants have agreed to pay Three Million, Nine Hundred Fifty Thousand Dollars ($3,950,000.00) 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, which is available for download from the Important Documents page) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Class Counsel’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, and other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Class Members pursuant to the terms of the Settlement Agreement. The Settlement Agreement also includes Future Benefits for the Settlement Class.

YOUR LEGAL RIGHTS AND OPTIONS

Option/Deadline Event
Do Nothing, Participate In The Settlement By taking no action, your interests will be represented by Plaintiff as the Class Representative and Plaintiff’s Counsel. As a Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Court. As a Class Member, if you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, and you will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.
Exclude Yourself
(received by June 20, 2022 at 5 p.m. CT)
(Passed)		 If you did not wish to be a member of the Settlement Class, then you had to exclude yourself from the Settlement Class. If you validly requested exclusion as described above, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation.
Object
(received by June 20, 2022 at 5 p.m. CT)
(Passed)		 Any Class Member who wished to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Plan of Allocation, the request for Plaintiff’s attorneys’ fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for a Case Contribution Award to Class Representative could have filed an objection.
Retain Your Own Attorney You had the right to retain your own attorney to represent you at the Final Fairness Hearing, which was held on July 11, 2022, beginning at 2:30 p.m. If you retained separate counsel, you are responsible to pay his or her fees and expenses out of your own pocket.

For More Information

Visit this website often to get the most up-to-date information

Call
1-866-853-5006
Email
info@haycreek-mewbourne.com
Mail
Hay Creek Royalties, LLC v. Mewbourne Oil Company
c/o JND Legal Administration
PO Box 91205
Seattle, WA 98111