Noble Energy, DCP Midstream Underpayment of Royalties First Amended Complaint

October 7, 2022

This is a class action about an earlier class action settlement. The earlier settlement set forth a way of calculating the royalties Noble Energy, Inc. would pay the settlement class. But the complaint for this new class action claims Noble did not stick to that agreement. It claims, first, that another company, DCP Midstream, LP, underpaid Noble, which in turn meant the settlement class was underpaid. Second, it claims that when Noble resolved that situation, it waived certain payments from DCP, leaving the settlement class still underpaid.