Taylor v Chevron

Taylor is a statewide (Oklahoma) royalty owner class action. This Class Action Litigation was filed on October 18, 2002.  The Plaintiffs have asserted that Chevron underpaid royalties by wrongfully deducting, and in some instances paid or retained unto itself, a fee for gathering, compressing, dehydrating, field fuel, treating, transporting and/or marketing Chevron’s gas on wells in Oklahoma operated by Chevron, or in which Chevron owns or owned a working interest (the “Chevron Wells”). The fees allegedly charged and/or deducted by Chevron for gathering, compression, dehydration, fuel, treating, transporting, marketing and similar services are hereinafter referred to as the “GCDF and Marketing Fees.” The Plaintiffs have also asserted that the deduction of the GCDF and Marketing Fees have resulted from, and constitute, breach of contract, fraud (both actual and constructive), conspiracy, fraudulent misrepresentation, breach of fiduciary duty, breach of express and implied duties of oil and gas leases, pooling orders and spacing orders, deceit, breach of statutory duty and fraudulent concealment, all as more fully described in the First Amended Petition and collectively referred to as the “Class Claims”.

The Class Claims relate only to payment of royalties for Hydrocarbons produced from the Class Wells during the Claim Period.  However, (1) the Class Claims shall not include any claims previously settled and released as part of the settlements in: (a) Rudman vs. Texaco, et al., Case No. CJ-97-1-E, District Court of Stephens County, Oklahoma; (b) Whitten, et al. vs. ChevronTexaco Corp. et al., seo company
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Case No CJ2003-586-E, District Court of Stephens County, Oklahoma; (c) Howell, et al. v. Texaco Inc., TEPI, et al., CJ-2002-206E, District Court of Stephens County, Oklahoma; (d) Elizabeth Steigleder, et al. vs. Texaco Inc., et al., Case No. CJ-2002-293E, District Court of Stephens County, Oklahoma; (e) Velma-Alma Independent School District No. 15, et al. vs. Texaco Inc., et al., Case No. CJ-2002-304E, District Court of Stephens County, Oklahoma; (f) E.B. Honnold, et al. v. Texaco Inc., et al., Case No. CJ-2002-355, District Court of Garvin County, Oklahoma; (g) Mahaffey, et al., v. Knox Bromide Sand Unit, et al., Case No. CJ-2004-581-E, District Court of Stephens County, Oklahoma; or (h) Shockey v. Chevron, Case No. CJ-2001-7, District Court of Washita County, Oklahoma; (collectively the “Prior Litigation”); (2) the Class Claims shall not include any claims of putative class members in the Prior Litigation who excluded themselves from the Prior Litigation, but only to the extent the claims were related to gas processing; and (3) the Class Claims shall not include claims being asserted against Chevron for gas production processed at the Leedey plant in the case of Edward Glaesman, et al. v. Chevron U.S.A., Inc., in the District Court of Roger Mills County, No. CJ-2006-27 (“Glaesman”).

Taylor and Chevron have entered into a Settlement Agreement which was approved by the Court on December 22, 2009.  Pursuant to the terms of the Settlement, Chevron has paid the Class $12,000,000.00 to resolve the Class Claims asserted in the Class Action Litigation.  Due to the length of time required for the allocation process, distribution of the Net Settlement Proceeds to the Class Members is currently scheduled to occur on or about July 21, 2010.

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