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Camino Natural Resources Interest on Late Payments Oklahoma Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Camino Natural Resources, LLC is settling a class action for $2.1 million. The complaint is asking for damages, alleging that Camino did not pay statutory interest, as required by Oklahoma law, when its royalty payments were late.

Docket Number:

19-cv-02742-CMA-SKC

Company: Camino Natural Resources LLC

Filing Deadline: January 1, 2100

Objection Deadline: April 28, 2021

Exclusion Deadline: April 28, 2021

Final Approval Hearing: May 12, 2021

Proof of Purchase:

You do not need to file a claim. Presumably company records will be used to determine class members.

Eligibility:

You may be eligible if you are an individual or entity who received working interest, royalty, or overriding royalty payments from Camino for oil or gas proceeds from wells located in Oklahoma, with check dates up to and including May 31, 2020.

You are not eligible if you are (1) an agency, department, or other instrumentality of the US government or the state of Oklahoma, (2) a publicly-traded oil or gas company or an affiliate of one, or (3) a person or entity listed on Exhibit 5 to the Settlement Agreement or one of their affiliates and related entities.

Typical Settlement Amount:

TBD. The Notice says, “This Notice does not and cannot set out all the terms of the Settlement Agreement, which is available for review and download at www.johsnston-camino.com” or at https://www.johnston-camino.com/admin/services/connectedapps.cms.extensions/1.0.0.0/asset?id=0df8382f-2852-4662-a148-beb23ebafd4d&languageId=1033&inline=true

Total Settlement Amount: $2,100,000

Class Representative Proposed Incentive Fee:

$42,000

Law Firm:
Bradford & Wilson, PLLC

Case Name: Johnston v. Camino Natural Resources, LLC

Settlement Website: Camino Natural Resources Interest on Late Payments Oklahoma Settlement Website

Claims Administrator:
JND Legal Administration

Claims Administrator Contact Information:

Johnston v. Camino Settlement
c/o JND Legal Administration, Settlement Administrator
P.O. Box 91232
Seattle, WA 98111
888-906-0564

Tags: Energy, Energy Exploration and Production, Failure to Pay Interest Due, Oil and gas, Royalty Payments