Chastain v Lime Rock Resources Operating Company Settlement

What happened

Lime Rock Resources Operating Company allegedly failed to pay statutory interest on late payments to owners of Oklahoma oil and gas wells under Oklahoma law. The defendant denies all wrongdoing but has agreed to settle to avoid the costs and uncertainty of continued litigation.

Do you qualify?

Anyone who received late payments from Lime Rock for oil and gas proceeds from Oklahoma wells between February 25, 2020, and January 25, 2026, where the payments did not include the statutory interest required by law, or whose proceeds were sent as unclaimed property to a government entity.

Who is in the class

All non-excluded persons or entities who: (1) received late payments under the PRSA from Defendants (or Defendants' designee) for oil and gas proceeds from Oklahoma wells, or whose proceeds from Oklahoma wells were sent as unclaimed property to a government entity by Defendants; and (2) whose proceeds did not include the statutory interest required by the PRSA.

Quoted from the settlement notice.

How to file

Class members do not need to file a claim. By taking no action, you will automatically receive your portion of the Net Settlement Fund if you are entitled to a distribution pursuant to the Allocation Methodology. Final approval was granted on September 10, 2026, and distributions will be made to qualifying class members.