X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

While family law attorneys are well versed in identifying and determining the value of marital assets pursuant to the Pennsylvania Divorce Code, the advent of oil and gas drilling in the Marcellus and Utica shale formations in Pennsylvania has presented a new and interesting twist for family law practitioners. Now, when a new divorce client walks through our doors, it is wise for us to inquire if the potential client has an interest (marital or nonmarital) in a real property intangible asset relative to oil and gas. Thanks to the advent of development of shale oil and gas, that fraction of an ownership interest that our client's spouse owns in the family hunting camp situated in the northern tier or southwest corner of Pennsylvania may now, in fact, be the most significant and complicated asset we will deal with in that client's entire divorce proceeding.

Does the Client Possess an Asset?

Specific types of real property intangible assets relative to shale oil and gas include, but are not limited to, leasehold interests, possessory interests, exploration rights, use rights, development rights and easements. An accurate answer to this question is, in part, dependent upon whether the potential client even knows whether he or she has rights relative to oil and gas.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.