Alex Obrecht’s career as a securities trader took him from Wyoming to New York, and then back again for law school to concentrate on oil and gas. He said he assumed he’d work in Wyoming, but the BakerHostetler associate has become a rising star in oil and gas litigation under Colorado law.
He has had an active role in pioneering a legal theory that royalty owners of oil and gas interests who believe they have been underpaid royalties under the payment of proceeds provision in the state’s Oil and Gas Conservation Act have to exhaust their remedies with the Colorado Oil and Gas Conservation Commission before going to district court. In 2015, Obrecht was part of a team at BakerHostetler representing an oil and gas producer, and the team filed a motion to dismiss the case that was the first one granted in the state they knew of under the theory that royalty underpayment claims must first go through the COGCC.
“We like to affectionately call it the Gagnon Rule, for Carrie Gagnon who used to be with our firm,” he said. Gagnon and partner L. Poe Leggette led the team in writing the motion to dismiss. Obrecht has since picked up several similar cases and authored similar briefs.