Presidio Petroleum Class Action Settlement

Unsplash | Published: September 2, 2024

Claim Form Deadline: N/A

Payout: Varies

Proof required: N/A

What's the Presidio Petroleum Class Action Settlement?

A nearly half million dollar class action lawsuit has been settled with Presidio Petroleum. The class action lawsuit alleged that Presidio Petroleum failed to pay required account interest on late payments for oil and gas proceeds from Oklahoma oil wells, as required by Oklahoma state law.

What is the Total Presidio Oil Settlement?

The Total Settlement Amount is $475,000, referred to as the "Gross Settlement Fund"

How Do I Qualify?

To qualify for a payout, you must be a someone to whom Presidio made late payments for oil and gas proceeds from Oklahoma wells from January 25, 2018 to November 30, 2022 without including statutory interest.

How Much Can I Get Paid?

The amount you can get paid depends on the Net Settlement Fund (after deducting attorneys' fees, expenses, and other costs) and whichever method of allocating funds will be approved by the class action court. The exact amount is not specified in the court documents as of yet. Check back here for any updates.

Do I Need to File a Claim?

You do not need to file a claim to receive payment. If you believe you qualify, you should automatically receive your portion of the Net Settlement Fund if the settlement is approved. Check the official administration website to confirm this information for yourself.

Is Proof or Documentation Required in this Class Action?

No proof is required to file a claim, as there is no claim filing process. If you choose not to opt out, you may automatically be included in the settlement and receive any payment they are entitled to based on the approved class action settlement payout methodology.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

Claim Form Website: BroadBentSettlement.com

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Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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