This website provides information about a proposed settlement of class action lawsuit pending in the District Court of Dewey County in the State of Oklahoma concerning the alleged underpayment of royalties by Devon Energy Production Company, LP ("Depco") for certain wells located in the State of Oklahoma.
TO BE A CLASS MEMBER
If you have received royalty payments during the time period of January 1, 2001 through and including December 31, 2012 from or on behalf of Depco on a well located in the State of Oklahoma, you may be a Class Member and your rights may be affected by the proceedings in this litigation. A detailed description of those who are within the "settlement class" for this case can be found in paragraph 1.22 of the Settlement Agreement that is posted on this website.
The settlement was finally approved at the Fairness Hearing held on December 13, 2013. On January 22, 2014, the Judgment became Final and Non-Appealable.
The parties are working on the allocation and distribution amounts. Provided the Court approves the Summary Final Distribution Report, an initial distribution mailing to the majority of eligible class member could be made by the end of July 2014.
By clicking on the links to the left you will find the documents related to the Settlement.
PLEASE READ THE INFORMATION CAREFULLY. YOUR LEGAL RIGHTS ARE AFFECTED WHETHER YOU ACT OR DO NOT ACT.