GLENWOOD SPRINGS, Colo.—Williams Production RMT will pay about $4.7 million under a partial settlement approved Friday in a class-action lawsuit involving about 1,200 oil and gas royalty owners in Garfield County.
The settlement with help Williams resolve litigation over how it calculates payments to owners of mineral interests in the county.
District Judge Denise Lynch credited attorneys on both sides for coming up with what she called a “very, very fair settlement” of some of the issues raised in the case.
Ivo, Sidney and Ruth Lindauer, all of Parachute, and Diamond Minerals LLC, filed the suit in 2006. Lynch certified its class-action status Friday.
Williams and the plaintiffs continue to disagree on certain matters involving gas transportation expenses, and a trial is expected to take place later, possibly in 2010.
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Information from: The Daily Sentinel,
