I was there as well. This was the second meeting that I have attended for the KWGD group, and both of them had about the same # of people in attendance. I also found the first one of their meetings that I attended very informative. I did not stay through all of this one however, I just had a few questions & was able to catch attorney Vaugh when he took a break from speaking & stepped outside the room to get them answered. Then I signed one of their letters of intent & I got out of there. Not because I didn't like what they were saying, but rather because they were saying almost exactly the same thing that I heard a few weeks ago at Salt Fork. Of the 6 - 8 meetings I have been too, I have liked their presentation the best so far & the fact that they are pretty approachable & willing to talk to you one on one is an added bonus.
There are no upfront costs to join the group. If an individual joins prior to Aug. 1, their fee is 4% of the signing bonus (which is one of the lowest percentages I have heard from any group rep yet). If the individual waits until after August 1, they said the fee will increase to 5% because they are really trying to have the group formed by the end of July. I believe they stated that this is the only fee that will be assessed, meaning that they will not receive anything from the royalties a person may receive. They also said that in a couple of the previous deals that they negotiated, they got the company to pay their fee on top of the signing bonus. So with this, whatever the deal is negotiated for, that is what you get. Some groups do not negotiate them that way, so their fee comes out of whatever the deal is signed for. Also, they only get paid if & when you get paid. If you back out of the group for any reason (which you have full ability to do up to the point where you have actually signed the contract) then they charge you nothing!
at least it seems that we heard everything on about the same level. :-) I know some people like to say that they don't think they can trust attorneys, but for some reason these guys actually helped to put my mind at ease.
as i mentioned previously, i believe they are working for the landowners in their group. i find them down to earth, friendly and easy to talk to.
Is your group just for landowners in Guernsey County.
When you say group, do you mean the discussion group here on GoMarcellusShale.com, or the KWGD group. If you meant the group on GMS.com, this is mainly guernsey county landowners discussing what is going on in our area, but I for one am willing to share with & possibly learn from other individuals that are outside this immediate area. I feel that the more people talk amongst ourselves to find out what is going on & who may be a reputable company to deal with, the better off we all will be. If you were meaning the KWGD group, I believe that they represent landowner groups in various areas/counties.
Are there any other attourney groups comparable?