In re: Chaparral Energy, Inc., et al.
Naylor-Chaparral Settlement
Case No. 20-11947 (MFW)

Welcome to the In re: Chaparral Energy, Inc., et al. Settlement Website

If You Are or Were a Royalty Owner in an Oklahoma Oil and Gas Well Operated by Chaparral Energy, L.L.C., You Could be a Part of a Proposed Class Action Settlement

Important Update: After the hearing on December 9, 2020, the Court entered a judgment directing the application of Bankruptcy Rule 7023, certifying the Settlement Class for settlement purposes only, finally approving the Settlement Agreement, and granting related relief. A copy of the Judgment is available for download from the Important Documents page.

What is the Settlement about?

The litigation which is the subject of the Settlement seeks damages for Defendant’s alleged improper payment of royalty. Defendant has adamantly denied, and continues to deny, the claims asserted in the Royalty Class Action Lawsuit and has vigorously defended against them. The Class Representative, Class Counsel, and Defendant have entered into a Settlement Agreement that shall become effective if court orders approving the Settlement become final and not subject to appeal.

What does the Settlement provide?

The Settlement Agreement provides that the 2016 Class Proof of Claim will be allowed in an aggregate amount of $45,000,000.00, subject to certain conditions, and that with respect to the Royalty Class Action Claims (i.e. claims arising in connection with the Royalty Class Action Lawsuit after May 9, 2016), Defendant will pay the following sums: $2,500,000.00 to the Settlement Class in full, complete, and final settlement of all Released Claims as to all Released Parties; $850,000.00 to the Settlement Class Counsel; and $150,000.00 to the Class Representative.

Detailed information about the benefits provided by the Settlement are available in the Notice of Proposed Settlement of Class Action, which is available for download from the Important Documents page.

Who is Included?

The Settlement Class is defined as:

All non-governmental royalty owners who own or owned mineral interests prior to the Petition Date covering wells operated by Chaparral in the State of Oklahoma, or in which Chaparral markets production, that produced natural gas and/or natural gas constituents or components, such as residue gas, natural gas liquids (or heavier liquefiable hydrocarbons), gas condensate or distillate, or casinghead gas and which is or was subject to a marketing arrangement including a percentage of proceeds, percentage of index and/or percentage of liquids arrangement and whose lease or leases with Chaparral include Mittelstaedt Clauses, with such Settlement Class commencing on June 1, 2006 through August 16, 2020.

YOUR LEGAL RIGHTS AND OPTIONS

Option and Deadline
Event
You Can Participate in the Class Settlement by Doing Nothing. By taking no action, your interests are represented by the Class Representative and Settlement Class Counsel. As a Settlement Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Bankruptcy Court.
You May Opt-Out of the Settlement Class. If you did not wish to be a member of the Settlement Class, then you could have opted out of the Settlement Class as set forth in section 10.3 of the Settlement Agreement. Your opt-out had to contain specific information as set forth in the Notice of Proposed Settlement of Class Action at Section VII and be received by the Settlement Administrator on or before 5:00 PM, Prevailing Eastern Time, on November 9, 2020.
You May Remain a Member of the Settlement Class but Object to the Proposed Settlement. You had the right to remain a member of the Settlement Class but still object to the proposed Settlement and any of its terms, including the requests for Class Counsels’ Fees and Expenses. To object to the Settlement, on or before November 9, 2020, you had to file a written objection containing the information specified in Section VII of the Notice of Proposed Settlement of Class Action with the Clerk of the Court for the United States Bankruptcy Court for the District of Delaware, 824 North Market Street, Wilmington, Delaware, 19801.
Settlement Fairness Hearing The Settlement Fairness Hearing was held on December 9, 2020 beginning at 3:00 p.m., prevailing Eastern Time, in the United States Bankruptcy Court for the District of Delaware, Courtroom 4, 824 North Market Street, Wilmington, Delaware, 19801.

 

Additionally, you have options with respect to releases under the Proposed Plan, which are described in Section IX and Appendix I of the Notice of Proposed Settlement of Class Action, which is available for download from the Important Documents page. The pleadings and other papers filed in the Debtors' chapter 11 cases are available for review at http://www.kccllc.net/chaparral2020 or the Court's website at www.deb.uscourts.gov.

For More Information

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

Call
1-833-794-0946
Email
info@naylorchaparralfundsettlement.com
Mail

CHAPARRAL ENERGY, INC.
c/o JND Legal Administration
P.O. Box 91308
Seattle, WA 98111