September 30, 2022
Merit Energy Company, LLC produces oil, gas, and other constituent products from oil and gas properties, for which it pays royalties to those with interest in these properties. Oklahoma’s Production Revenue Standards Act (PRSA) requires that when those payments are made beyond the time period in which they are due, oil and gas producers must automatically pay interest on the unpaid portions. But the complaint for this class action alleges that Merit does not do this unless the payees specifically ask for it.
Case Event File: Merit Energy No Interest with Late Payments Oklahoma ComplaintRelated to: Merit Energy No Interest with Late Payments Oklahoma Class Action