Sagacity v. Mach III Settlement

What happened

Defendant allegedly underpaid royalties on gas and gas constituents from Oklahoma oil and gas wells operated by Mach III from January 1, 2020, through February 14, 2025. Defendant denies all allegations of wrongdoing but agreed to settle for $10 million to avoid continued litigation.

Do you qualify?

All non-excluded royalty owners in Oklahoma oil and gas wells who received royalty payments from Mach III for gas and its constituents (such as residue gas, natural gas liquids, helium, nitrogen, or drip condensate) during the period from January 1, 2020, through February 14, 2025.

Who is in the class

All non-excluded persons or entities who are or were royalty owners in Oklahoma wells who received royalty payments from Mach III for the Claim Period for the Class Wells operated by Mach III. The Class claims relate to royalty payments for gas and its constituents (such as residue gas, natural gas liquids, helium, nitrogen, or drip condensate).

Quoted from the settlement notice.

How to file

Distribution checks began being issued to eligible class members on February 9, 2026. No active claim filing appears to be available; eligible class members automatically receive their distribution based on the allocation methodology outlined in the settlement agreement.