In the District Court of Blaine County, State of Oklahoma

Case No. CJ-10-75

Latest New Updates:

The history of this Litigation, and more information, can be ascertained by reviewing the "Case Documents" tab of this website.

Prior Distributions: Continental Resources completed the Sub-Class 1 Distribution on April 11, 2019, and tendered the Residual Proceeds of $4,353,677.04 to Class Counsel f/b/o the Class.  Continental Resources then completed the Sub-Class 2 Distribution on February 10, 2020, and tendered the Residual Proceeds of $447,274.54 to Class Counsel f/b/o the Class.  After a Class Member appealed the Trial Court’s original award of Attorney’s Fees and Representatives’ awards, the Oklahoma Supreme Court reversed the original award. In August of 2021, the Trial Court entered a reduced award of Attorney’s Fees and Representatives’ awards, which resulted in an increase to the Residual Fund of $7,948,344.14.

Current Supplemental Distribution: On December 7, 2022, the Trial Court ordered the Settlement Administrator prepare, distribute and administer a Supplemental Distribution to the Class Members of $9,923,738.69 from the Residual Fund.  The Settlement Administrator has now prepared the Supplemental Distribution allocation and has instructed KCC, as the Settlement Distributor, to issue checks to over 20,000 Class Members.  The Supplemental Distribution checks are expected to be issued and mailed in late August 2023.

Please do not contact Continental Resources about this litigation or your Supplemental Distribution payment, all inquiries should be directed to the Settlement Administrator (see the “Contact Us” tab).

This Settlement involves three separate time periods (Continental’s agreement as to each time period is different) and your participation in this Settlement may relate to any one, two or all three of the time periods, depending upon the production dates from your Class Well:

	“Claim Period 1”	“Claim Period 2”	“Future Period”
Beginning of period	July 1993 Production	December 2015 Production	May 2019 - Gas June 2019 - Oil
End of period	November 2015 Production	April 2019 - Gas May 2019 - Oil	Perpetual (unless the law changes)
To settle the Released Claims, Continental has agreed to:	Pay Sub-Class 1 Members their allocated share of $49,800,000.00	Pay Sub-Class 2 Members for gathering charges deducted, with 9% interest, unless the lease has an Express Deduction Clause ($11,450,612.24)	Not deduct Gathering Charges, unless the lease has an Express Deduction Clause; Not deduct Processing or Transportation Charges if the lease has an Express No Deduction Clause prohibiting such deductions

The Total Value of the Settlement to the Class

For Claim Period 1, Continental has agreed to pay Sub-Class Members their allocated share of $49,800,000.00 and for Claim Period 2, $11,450,612.24. For the Future Production Period, the value of the settlement will be determined by the lease review, Continental’s future production in Oklahoma during the Future Time Period. As a result, estimating the value of the Settlement during the Future Production Period is difficult and speculative. However, Class Counsel have estimated the value of the Settlement during the Future Production Period to be in excess of $50,000,000.00.

	“Claim Period 1”	“Claim Period 2”	“Future Period”	Total Value*
Value of the Settlement to the Class	$49,800,000.00 Sub-Class 1 Payment	$11,450,612.24 Sub-Class 2 Payment	$50,000,000.00 estimated	$111,250,612.24*

*Sub-Class 1 Payment + Sub-Class 2 Payment + the Future Production Period benefits.