Kernen v. Citizen Energy II Settlement

What happened

Citizen Energy II, LLC and Citizen Energy III, LLC allegedly failed to pay statutory interest on late royalty and overriding royalty payments made from Oklahoma oil and gas wells in violation of the Production Revenue Standards Act. The defendants deny liability and assert no damages are owed.

Do you qualify?

All non-excluded persons or entities who received late royalty and/or overriding royalty payments during the class period (prior to and including November 30, 2023) from Citizen Energy II, LLC or Citizen Energy III, LLC for oil and gas proceeds from Oklahoma wells, and whose payments did not include the statutory interest prescribed by law.

What you can claim

Read from the official settlement notice.

• Statutory interest payment

  Class members who received late royalty and/or overriding royalty payments without statutory interest as required by the Production Revenue Standards Act will receive a distribution from the Net Settlement Fund based on their calculated entitlement.

Who is in the class

All non-excluded persons or entities who received late royalty and/or overriding royalty payments during the Class Period from Defendants for Oil & Gas Proceeds from Oklahoma Wells and whose payments did not also include the statutory interest prescribed by the Act.

Quoted from the settlement notice.

How to file

If the Settlement is approved, no action is needed to participate and receive payment—eligible class members will be identified automatically and their distribution calculated as part of settlement administration. Distribution checks began being issued on February 21, 2025.