Alva Review-Courier -

3 oil companies agree to settle in Oklahoma earthquake suit

 

December 2, 2018



PRAGUE, Oklahoma (AP) — Three oil companies have reached a settlement with plaintiffs in a class-action lawsuit over damaging earthquakes in central Oklahoma.

The companies — Spess Oil Co., Equal Energy US Inc. and Fairfield Oil and Gas Corp. — have not admitted to any liability but have agreed to put $925,000 into a settlement fund. The lawsuit argues that saltwater disposal well operations led to 2011 earthquakes near the Oklahoma town of Prague.

Attorneys say the fund is subject to court approval and a January hearing is scheduled to consider approval of the settlement.

Another def...



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