Philip J. Cornett, and Ashcraft Group, LLC, et al. v. Samson Resources Company, an Oklahoma Corporation
DISTRICT COURT OF DEWEY COUNTY, STATE OF OKLAHOMA; Case No. CJ-09-81
A class action settlement involving Samson Resources Company, an Oklahoma Corporation ("Samson") was finally approved in the District Court of Dewey County, Oklahoma on December 23, 2013.
Under the proposed Settlement, all persons and/or entities who are or where royalty owners in Class Wells operated, leased or paid by the Released Parties, that have produced gas and/or its constituent subparts (such as residue gas, natural gas liquids, ethane, butane, propane, helium, nitrogen, or condensate) between January 1, 1996 and October 28, 2013 (the date of Class Notice) are included in the Class ("Class Members" or "Settlement Class"), with certain exceptions, and are eligible to receive a payment ("Distribution Check") of not less than $3.00. See Plan of Allocation and Distribution Order, paragraph 3.10.
Distribution Checks cannot be issued until the Court has reviewed and approved the Summary Final Distribution Report. See Plan of Allocation and Distribution Order, paragraph 3.4. The Summary Final Distribution Report will be presented to the Court on or before March 21, 2014. Once approved, payments will be prepared and distributed according to the Report. We do not know how long obtaining the Court's approval will take so please be patient.
The time for opting-out of or objecting to the Settlement has passed.To learn more about the terms of the Settlement and how your legal rights may be affected, you should view the Settlement Documents and answers to the Frequently Asked Questions provided on this website.