Wake Energy, LLC v. Devon Energy Production Company, L.P.
Wake v Devon Settlement
CJ-2024-00267

Welcome to the Wake v Devon Settlement Website

If You Are or Were a Royalty Interest Owner Paid by Devon Energy Production Company, L.P. for Oil and-Gas Production Proceeds for Residue Gas that was Produced in February 2021 from an Oklahoma Oil and Gas Well, You Could Be a Part of a Proposed Class Action Settlement

What is this lawsuit about?

The Litigation seeks damages for Defendant’s alleged failure to pay its royalty interest owners based upon the price that Defendant received from the first arm’s length sale of residue gas produced during February 2021. Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses.

Who is included?

The Settlement Class in the Litigation consists of the following individuals and entities:

All non‑excluded persons or entities who were paid royalties from Devon Energy Production Company, L.P. on residue gas produced from Oklahoma Wells that was sold to Devon Gas Services, L.P. during the Claim Period.

The Claim Period means checks or payments made or issued by Defendant for residue gas that was produced in February 2021, subject to the terms of the Settlement Agreement regarding Released Claims.

What does the Settlement provide?

In settlement of all claims alleged in the Litigation, Defendant has agreed to pay Two Million Dollars ($2,000,000.00) in cash (“Gross Settlement Fund”). In exchange for this payment and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims (as defined in the Settlement Agreement) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, Case Contribution Award, and any other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Class Members pursuant to the terms of the Settlement Agreement.

YOUR LEGAL RIGHTS AND OPTIONS

These deadlines may be moved, canceled, or otherwise modified, so please check this site regularly for updates.

Do Nothing, Participate in The Settlement

By taking no action, your interests will be represented by Plaintiff as the Class Representative and Plaintiff’s Counsel. As a Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Court. If you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, and you will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.

Exclude Yourself
(received by January 6, 2025, at 5 p.m. CT)

If you do not wish to be a member of the Settlement Class, then you must exclude yourself from the Settlement Class. If you validly request exclusion, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation. For more information, see FAQ 6.

Object
(received by January 17, 2025, at 5 p.m. CT)

Any Class Member who wishes to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Plan of Allocation, the request for Plaintiff’s Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for the Case Contribution Award to Class Representative may file an objection. To be valid, your objection has to meet certain requirements. For more information, see FAQ 7.

Retain Your Own Attorney

You have the right to retain your own attorney to represent you at the Final Fairness Hearing which will be held on February 7, 2025, beginning at 9:00 a.m. If you retain separate counsel, you will be responsible to pay his or her fees and expenses out of your own pocket. For more information about the Hearing, see FAQ 4.

For More Information

Visit this website often to get the most up-to-date information.

Call
1-877-753-8732
Email
info@wakedevonsettlement.com
Mail
Wake v Devon Settlement
c/o JND Legal Administration
PO Box 91343
Seattle, WA 98111