Krug v. Helmerich & Payne

Krug involves a class of royalty owners in two units, the Copeland and Littauer Units.  Helmerich & Payne (“H&P”) was the operator of the Units in the 1980’s. During this time, H&P had a dispute with its gas purchaser, ANR. H&P refused to sell gas to ANR during this dispute. H&P sued ANR and alleged that H&P and its royalty owners suffered drainage from the Units because of ANR’s actions.  In 1989, H&P settled the ANR suite for $20 million.  H&P actively concealed the settlement from the royalty owners and did not pay them for their share of damages.  In late 2008, the case went to trial.  The jury found that H&P had in its possession since 1989, and wrongfully withheld from the royalty owners, $6.8 million paid for the royalty owners’ share of drainage from the Units.  The trial court then found for the Plaintiffs on their claim for disgorgement of the profits that H&P had made by utilizing their $6.8 million since 1989.  The trial court found the ill-gotten profits by H&P was $112 million.  Thus, the total judgment entered against H&P, and in favor of the Class, was $118.8 million.

H&P has filed an appeal of the judgment with the Oklahoma Appellate Courts.  The appeal remains pending.

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Class Counsel in the case is Terry Barker, of the Pezold, Barker & Woltz firm in Tulsa, OK.)

Select documents related to the case have been made available for your review.  (Please click on a link below to view the available document)

[Links to PDF documents]