Sagacity, Inc., et al. v. BCE-Mach III LLC
Sagacity v Mach III Settlement
6:23-cv-00039-GLJ

Welcome to the Sagacity v Mach III Settlement Website

If You Have Received a Royalty Payment from BCE-Mach III LLC for Gas Production from an Oil and Gas Well in Oklahoma, You Could Be a Part of a Proposed Class Action Settlement.

What is this lawsuit about?

The Litigation seeks damages for Defendant’s alleged underpayment of royalty on gas and gas constituents from Oklahoma oil and gas wells operated by Defendant from January 1, 2020, through and including February 14, 2025. Defendant expressly denies all allegations of wrongdoing or liability with respect to the claims and allegations in the Litigation but has agreed to the proposed Settlement to avoid the uncertainty, burden, and expense of continued litigation. The Court has made no determination with respect to the merits of any of the parties’ claims or defenses.

Who is included?

The Settlement Class in the Litigation consists of the following individuals and entities:

All non‑excluded persons or entities who are or were royalty owners in Oklahoma wells who received royalty payments from Mach III for the Claim Period for the Class Wells operated by Mach III. The Class claims relate to royalty payments for gas and its constituents (such as residue gas, natural gas liquids, helium, nitrogen, or drip condensate).

The Claim Period means checks, remittances, or payments to Settlement Class Members for royalty payments on natural gas or its constituents for the Class Wells from January 1, 2020, through and including February 14, 2025, subject to the terms of the Settlement Agreement regarding Released Claims.

What does the Settlement provide?

In settlement of Released Claims alleged in the Litigation, Defendant has agreed to pay Ten Million Dollars ($10,000,000.00) in cash (“Gross Settlement Fund”). In exchange for this payment and other consideration outlined in the Settlement Agreement, the Settlement Class shall release the Released Claims (as defined in the Settlement Agreement) against the Released Parties (as defined in the Settlement Agreement). The Gross Settlement Fund, less Plaintiffs’ Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, Case Contribution Awards, and any other costs approved by the Court (the “Net Settlement Fund”), will be distributed to final Settlement Class Members pursuant to the terms of the Settlement Agreement.

YOUR LEGAL RIGHTS AND OPTIONS

These deadlines may be moved, canceled, or otherwise modified, so please check this site regularly for updates.

Do Nothing, Participate in The Settlement

By taking no action, your interests will be represented by Plaintiffs as the Class Representatives and Class Counsel.  As a Class Member, you will be bound by the outcome of the Settlement, if finally approved by the Court. As a Class Member, if you are entitled to a distribution pursuant to the Allocation Methodology, you will receive your portion of the Net Settlement Fund, and you will be bound by the Settlement Agreement and all orders and judgments entered by the Court regarding the Settlement.

Exclude Yourself
(received by September 10, 2025, at 5 p.m. CT)

If you do not wish to be a member of the Settlement Class, then you must exclude yourself from the Settlement Class. If you validly request exclusion, you will not receive any distribution from the Net Settlement Fund, you cannot object to the Settlement, and you will not have released any claim against the Released Parties. You will not be legally bound by anything that happens in the Litigation. For more information, see FAQ 6.

Object
(received by September 10, 2025, at 5 p.m. CT)

Any Class Member who wishes to object to the fairness, reasonableness, or adequacy of the Settlement, any term of the Settlement, the Allocation Methodology, the Plan of Allocation, the request for Plaintiffs’ Attorneys’ Fees and Litigation Expenses and Administration, Notice, and Distribution Costs, or the request for Case Contribution Awards to Class Representatives may file an objection. To be valid, your objection has to meet certain requirements. For more information, see FAQ 7.

Retain Your Own Attorney

You have the right to retain your own attorney to represent you at the Final Fairness Hearing, which will be held on October 1, 2025, beginning at 10:30 a.m. If you retain separate counsel, you will be responsible to pay his or her fees and expenses out of your own pocket. For more information about the Hearing, see FAQ 4.

For More Information

Visit this website often to get the most up-to-date information.

Call
1-855-779-3352
Email
info@sagacity-machIII.com
Mail
Sagacity v Mach III Settlement
c/o JND Legal Administration
PO Box 91244
Seattle, WA 98111