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Welcome

This website provides information about a proposed settlement of a class action lawsuit which alleges that the Defendant underpaid royalties owed to royalty owners on wells operated by QEP in Oklahoma or on wells where they, as a non-operator, separately marketed gas.  QEP denies Class Representatives' claims, and denies any liability. 

The Settlement provides a minimum value of $155 million to the Class.  QEP has agreed to pay $115 million in cash.  This cash payment represents more than two and a half times the Class’ estimated amount of underpayment of royalty due to the Class. QEP also has agreed to implement certain binding changes to QEP’s methodology for paying royalty for the lifetime of the leases at issue (such changes equaling a minimum estimated $40 million in present value), for a total immediate and substantial Settlement Amount of at least $155 million.  These benefits run with the wells and, as such, are fully transferrable.

YOUR RIGHTS AND OPTIONS AS A CLASS MEMBER

 

Do Nothing  You will receive benefits due to you, but give up right to sue on your own.  
Exclude Yourself 

If you don't want to be a part of the settlement, you may file an exclusion. 

Object to the Settlement  Write to the Court about why you don't like the settlement.  
Attend the Fairness Hearing  Ask to speak in Court about the fairness of the settlement.  

Disclaimer

Please do not contact either the Defendants or the Court about this Settlement. Any and all callers will be directed to this website. If you have questions, please refer to the Commonly Asked Questions and the other information posted here.

This site is not operated by the Plaintiffs or the Defendants. This class action settlement is supervised by the Court and is administered by a claims administration firm that handles all aspects of claims processing.

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