An Oklahoma jury has ordered Shell Oil Co. to pay $66 million to five royalty owners for their share of a lucrative oil well dug in the early 1970s. The payments will go to two families that owned an interest in the land where Shell drilled for oil. Shell failed to inform the landowners when the company struck a huge reserve and built a well on the land in 1973. It took 20 years for the Plaintiffs to find out there was a well on the property in which they owned an interest. Once they finally filed a complaint in 1995, it’s reported that Shell and then-lease owner Maynard Oil Co. did everything possible to delay the case coming to trial. As a result, it took a very long time for the Plaintiffs to finally get a trial date. I must admit that the delay was difficult to understand. Maynard Oil settled prior to trial for a confidential amount and the case was tried against Shell.
Source: Lawyers Weekly
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