McClintock v. Enterprise Crude Oil LLC
McClintock-Enterprise Settlement
6:16-cv-00136-KEW

Welcome to the McClintock-Enterprise Settlement Website

If You Have Received a Payment from Enterprise Crude Oil, LLC for Production from an Oil and Gas Well in Oklahoma, You Could Be a Part of a Proposed Class Action Settlement.

Important Update: Following the Final Fairness Hearing on March 24, 2021, the Court granted final approval to the settlement. Copies of Court's orders are available for download from the Important Documents page.

What is the Settlement About?

The Litigation seeks damages for Defendant's alleged failure to pay statutory interest on payments made by Defendant (or on behalf of Defendant) outside the time periods set forth in the Production Revenue Standards Act, 52 Okla. St. § 570.1, et seq. (the "PRSA") for oil and gas production proceeds from oil and gas wells in Oklahoma. Defendant denies any and all liability related to Plaintiff's allegations.

What does the Settlement provide?

Defendant has agreed to pay $5,900,000.00 in cash ("Gross Settlement Fund") in settlement of all claims alleged in the Litigation. In exchange, the Settlement Class shall release any Released Claims the Releasing Parties may have against the Released Parties. The Gross Settlement Fund, less Plaintiffs Attorneys' Fees, Litigation Expenses, any Case Contribution Award awarded by the Court, other costs approved by the Court, and Administration, Notice, and Distribution costs, (the "Net Settlement Fund"), will be distributed to Class Members who qualify for a distribution.

Who is included?

The Settlement Class consists of all non-excluded persons or entities to whom: (1) Enterprise (or Enterprise's designee) made an Untimely Payment of oil and/or gas proceeds from an Oklahoma well on or after April 26, 2012 through September 1, 2020, and (2) who have not been paid statutory interest on the Untimely Payment per the Production Revenue Standards Act. An "Untimely Payment" for purposes of this class definition means payment of proceeds from the sale of oil and/or gas production from an oil and/or gas well after the statutory periods identified in OKLA. STAT. tit. 52 § 570.lO(B)(l) (i.e., commencing not later than six (6) months after the date of first sale, and thereafter not later than the last day of the 2nd succeeding months after the end of the month within which such production is sold). Untimely Payments do not include: (a) payments of proceeds to an owner under OKLA. STAT. tit. 52 § 570.10(8)(3) (minimum pay); (b) prior period adjustments; or (c) pass-through payments.

A list of the persons or entities excluded from the Class can be found in the Long-Form Notice, which is available for download from the Important Documents page.

YOUR RIGHTS AND OPTIONS

Option and Deadline Event
Take No Further Action, Participate In The Settlement If the Settlement is approved, you do not need to take any further action to participate in the Settlement and receive a payment. The portion of the Net Settlement Fund to which you are entitled will be calculated as part of the administration of the Settlement. You will be bound by the terms of the Settlement as set forth in the Settlement Agreement and the documents referenced therein.
Exclude Yourself
(received by March 10, 2021 at 5 p.m. CT)
(Passed)		 If you do not wish to be a member of the Settlement Class, you must exclude yourself (as described in Answer to FAQ 13 and in the Settlement Agreement} and you will not receive any payment from the ' Settlement Fund. You cannot bring or be part of another lawsuit or arbitration against any of the Released Parties based on any Released Claims unless you exclude yourself from the Settlement Class.
Object
(received by March 10, 2021 at 5 p.m. CT)
(Passed)		 If you do not exclude yourself and you wish to object to any part of the Settlement, the attorneys' fees or litigation costs requested by Plaintiff's  Counsel, or the Case Contribution Award requested by Plaintiff, you may (as discussed below in Answer to FAQ 18 and in the Settlement Agreement) write to the Court about your objections.
Attend the Final Fairness Hearing
on March 24, 2021 at 10:00 a.m.)
(Passed)		 If you have submitted a valid and timely written objection to any aspect of the Settlement, the attorneys' fees or litigation expenses requested by Fairness Hearing Plaintiff's Counsel, or the Case Contribution Award requested by Plaintiff, you may (but do not have to} attend the Final Fairness Hearing and present your objections to the Court at that hearing (as described below in Answer to FAQ 22 and in the Settlement Agreement).
Do Nothing If you are a Class Member and do nothing, you will be bound by the terms of the Settlement as set forth in the Settlement Agreement and the documents referenced therein, will be bound by the release and agreement not to sue the Released Parties, will receive your portion of the Net Settlement Fund (if any), and will not be able to bring or pursue any Released Claims in any other lawsuit or arbitration. It is your responsibility to familiarize yourself with the Settlement and all other documents regarding the Settlement that can be found on the Important Documents page.

For More Information

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

Call
1-888-906-0588
Email
info@mcclintockventerprise.com
Mail

McClintock-Enterprise Settlement
c/o JND Legal Administration
PO Box 91308
Seattle, WA 98111