Presidio Petroleum LLC Settlement: Is It Genuine? Read This First

Did you receive the Presidio Petroleum LLC Settlement email? It is not a scam. You received the mail because you filed a claim.

Presidio Petroleum LLC is in a bit of hot water, and they’re forking over $475,000 to settle a class action lawsuit. The deal is because they didn’t pay up on statutory interest for supposed late payments as per Oklahoma law. They’ll be hoping to put this one behind them!

Who Is Eligible For The Presidio Petroleum LLC Settlement

Suzanne Broadbent has got Presidio Petroleum in a legal tangle, claiming they didn’t pay the proper interest on late payments from oil and gas proceeds. That’s against the Oklahoma Production Revenue Standards Act (PRSA), and it’s landed them in this settlement for a hefty $475,000. Presidio Petroleum, based in Texas, works on optimizing the efficiency and sustainability of oil and gas assets, primarily in the Anadarko Basin. They’re all about improving what’s already there, not drilling new wells.

How Much Is The Settlement

here’s how the settlement breaks down: class members will get a share of the money, but it’s based on factors like the interest owed, when the payment happened, and a few other details. If your share would be $5 or less, sorry, you won’t get anything. Keep in mind that this plan could change if the court doesn’t give it the green light.

How To File A Claim

There is currently no claim form available right now. Click here to go to the settlement website.

Conclusion

Broadbent v. Presidio Petroleum LLC, Case No. CV-2022-15 is not a scam. Just like Point park university covid19 settlement, Presidio Petroleum LLC is in a bit of hot water, and they’re forking over $475,000 to settle a class action lawsuit. The deal is because they didn’t pay up on statutory interest for supposed late payments as per Oklahoma law. They’ll be hoping to put this one behind them!