oil and gas lawyer fees?? - GoMarcellusShale.com2024-03-28T19:12:38Zhttps://gomarcellusshale.com/forum/topics/oil-and-gas-lawyer-fees?commentId=2274639%3AComment%3A774829&feed=yes&xn_auth=noMy lease does NOT have market…tag:gomarcellusshale.com,2018-03-09:2274639:Comment:7748332018-03-09T09:00:15.241ZJonathan Hhttps://gomarcellusshale.com/profile/JonathanHall
<p>My lease does NOT have market enhancement clause; my lawyer felt they gave the company too much leeway to make deductions.</p>
<p>My lease does NOT have market enhancement clause; my lawyer felt they gave the company too much leeway to make deductions.</p> How many lawyers negotiated l…tag:gomarcellusshale.com,2018-03-09:2274639:Comment:7748292018-03-09T07:07:43.927ZInchworm antennahttps://gomarcellusshale.com/profile/BobBauers
<p>How many lawyers negotiated leases that included market enhancement clauses? </p>
<p>How many lawyers negotiated leases that included market enhancement clauses? </p> As a CPA, I believe professio…tag:gomarcellusshale.com,2017-12-20:2274639:Comment:7699652017-12-20T13:17:28.669ZDaniel Riemenschneider CPAhttps://gomarcellusshale.com/profile/DanielRiemenschneiderCPA
<p>As a CPA, I believe professionals should be charging you for value delivered and you should be willing to pay for that value. Generally that can be tied to an hourly rate. My guess attorney fees would range from $200 to $500 per hour. Unless the attorney is negotiating a higher per acre bonus or Royalty percentage, I don't quite understand the per acre charge, other than they are happy to share in your wealth.</p>
<p>If your oil & gas professional comes up with a solid or profound idea…</p>
<p>As a CPA, I believe professionals should be charging you for value delivered and you should be willing to pay for that value. Generally that can be tied to an hourly rate. My guess attorney fees would range from $200 to $500 per hour. Unless the attorney is negotiating a higher per acre bonus or Royalty percentage, I don't quite understand the per acre charge, other than they are happy to share in your wealth.</p>
<p>If your oil & gas professional comes up with a solid or profound idea that positions you favorably, you should be willing to compensate them for those benefits.</p>
<p>In the end you need to determine whether your professional is providing the appropriate value for the price they are quoting. There are many good attorneys, CPAs and investment managers out there that actually earn their fees through their own efforts not your good fortune. If you put together the right team of professionals you can bounce these issues off the others to hopefully get to a good spot.</p>
<p></p> I would say that it depends o…tag:gomarcellusshale.com,2017-12-16:2274639:Comment:7695952017-12-16T23:25:05.867ZJonathan Hhttps://gomarcellusshale.com/profile/JonathanHall
<p>I would say that it depends on how much they are doing for you; a simple lease review may be a couple of hours at $250/ hour, but if they are doing the negotiating or other services, such as clearing title and old claims, it will go up quickly from there.</p>
<p>I know some local attorneys here in Ohio who charge $100/ acre and handle the negotiations. If you have a complex situation, 10% to 15% of the bonus can be reasonable; I can't see a situation where any higher is reasonable UNLESS…</p>
<p>I would say that it depends on how much they are doing for you; a simple lease review may be a couple of hours at $250/ hour, but if they are doing the negotiating or other services, such as clearing title and old claims, it will go up quickly from there.</p>
<p>I know some local attorneys here in Ohio who charge $100/ acre and handle the negotiations. If you have a complex situation, 10% to 15% of the bonus can be reasonable; I can't see a situation where any higher is reasonable UNLESS they have to handle litigation for you.</p>
<p></p>
<p>My lawyer had to clear an old lease through forfeiture, fight the old company, clear title, and negotiate a new lease, and is charging 10% of the bonus payment.</p> Very helpful info guystag:gomarcellusshale.com,2017-12-12:2274639:Comment:7685262017-12-12T03:02:29.747ZWv lovinghttps://gomarcellusshale.com/profile/Wvloving
Very helpful info guys
Very helpful info guys Hahahaha. Yeah! Seriously!tag:gomarcellusshale.com,2017-12-12:2274639:Comment:7684112017-12-12T02:27:48.806ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>Hahahaha. Yeah! Seriously!</p>
<p>Hahahaha. Yeah! Seriously!</p> Giving an attorney a percenta…tag:gomarcellusshale.com,2017-12-12:2274639:Comment:7683122017-12-12T02:22:55.726ZFreestarhttps://gomarcellusshale.com/profile/Freestar
<p>Giving an attorney a percentage of the bonus offer is not a good idea. I would say an Attorney should be able do everything your asking about for $1,000 or less. You could be handing them tens of thousands of dollars for no reason.</p>
<p>Giving an attorney a percentage of the bonus offer is not a good idea. I would say an Attorney should be able do everything your asking about for $1,000 or less. You could be handing them tens of thousands of dollars for no reason.</p> Thank youtag:gomarcellusshale.com,2017-12-12:2274639:Comment:7685032017-12-12T02:13:19.945ZWv lovinghttps://gomarcellusshale.com/profile/Wvloving
Thank you
Thank you When I was investigating seve…tag:gomarcellusshale.com,2017-12-12:2274639:Comment:7685232017-12-12T01:53:46.630ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>When I was investigating several years ago, it was like either 1/3 of what you got or some percentage of the royalties. I signed with a landowners group in the end, so that didn't matter.</p>
<p>When I was investigating several years ago, it was like either 1/3 of what you got or some percentage of the royalties. I signed with a landowners group in the end, so that didn't matter.</p> Appreciate your infotag:gomarcellusshale.com,2017-12-12:2274639:Comment:7685202017-12-12T01:26:18.201ZWv lovinghttps://gomarcellusshale.com/profile/Wvloving
Appreciate your info
Appreciate your info