Hay Creek Royalties, LLC v. Roan Resources LLC
Hay Creek Royalties v. Roan Resources Settlement
4:19-cv-00177-CVE-JFJ

Welcome to the Hay Creek Royalties v. Roan Resources Settlement Website

What is this Lawsuit about?

The Litigation seeks damages for Defendant’s alleged failure to properly pay royalty on gas and its constituents (Class I) and pay statutory interest on allegedly late payments under Oklahoma law (Class II). 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 Northern District of Oklahoma in the file for the Litigation.

Who is Included in the Settlement?

The Settlement Class in the Litigation consists of the following individuals and entities:

For Class I:

All persons or entities, except as specifically excluded, who are or were royalty owners in Class Wells, where Roan Resources, LLC or any of the Released Parties was the operator (or a working interest owner) who marketed its share of gas as to production on or before November 30, 2020, and royalties on such marketed gas was paid to such royalty owners or held in suspense by, or on behalf of, any of the Released Parties. 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).

For Class II:

All persons or entities, except as specifically excluded, who received royalty or overriding royalty payments from Roan Resources, LLC or any of the Released Parties for oil and/or gas proceeds from the Class Wells, or whose royalty or overriding royalty oil and/or gas proceeds from the Class Wells were held in suspense by Roan Resources, LLC or any of the Released Parties, on or before November 30, 2020.

A list of excluded entities can be found on the Notice of Proposed Settlement, which can be found on the Important Documents page.

What does the Settlement provide?

In settlement of all claims alleged in the Litigation, Defendant has agreed to pay Twenty Million, Two Hundred Thousand Dollars ($20,200,000.00) 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 review and download from the Important Documents page) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Class Counsel’s Fees and Expenses, 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 Classes.

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. If you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, or it will be credited to your account if in suspense, and you will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.
Opt Out of the Settlement Class(es)
March 26, 2021 at 5 P.M. CT (Received)
If you do not wish to be a member of the Settlement Class(es), you must exclude yourself from one or both of the Settlement Class(es). If you validly request exclusion as described in the Notice, 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 to the Settlement
April 14, 2021 at 5 P.M. CT (Received)
Any Class Member who wishes to object to any part of the Settlement, the request for Plaintiff’s attorneys’ fees and Litigation Expenses, or the request for a Case Contribution Award to Class Representative may file an objection. Unless otherwise ordered by the court, any settlement class member who does not object in the manner described herein will be deemed to have waived any objection and shall be forever foreclosed from making any objection to the settlement (or any part thereof) and will not be allowed to present any objections at the final fairness hearing.
Retain Your Own Attorney
April 28, 2021 at 10 A.M. CT
You have the right to retain your own attorney to represent you at the Final Fairness Hearing. If you retain separate counsel, you will be 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.

Mail

Hay Creek Royalties v. Roan Resources
c/o JND Legal Administration, Settlement Administrator
P.O. Box 91326
Seattle, WA 98111