Fort Worth Marital Property Settlements:
Oil and Gas Interests
Dividing marital assets is never easy. Deciding who should get the car, the house or the business is an emotional and sometimes financial struggle. When oil and gas interests are involved, the situation is even more complicated. It often requires the couple to separate land assets from mineral assets and divide any profits from oil and gas reserves.
At the law offices of Constance Langston, we have more than twenty years of experience guiding couples through the property division process. Under the guidance of family law attorney Langston, we have helped couples resolve their disputes in a calm and effective manner, reducing the pain and hardships of a drawn out divorce battle.
Providing comprehensive mediation and family law services
Attorney Constance Langston ● 817-738-7380
Located in Fort Worth, Texas, our firm has many clients with oil and gas interests. Property settlement agreements divide these interests when our clients divorce. According to Texas code, if you are an oil and gas property owner:
- You have a right to sever the surface estate from the mineral estate
- You can keep one of the estates and your spouse will get the other
- Valuation of your interests must be completed by a mineral expert
- The royalties from oil and gas exploration are divided in the property settlement
We understand that dividing oil and gas royalties and severing estates takes time and patience. It may cause emotional legal battles. To reduce the stress and pain of dividing assets in court, we suggest using mediation. Mediation allows you to calmly express your wants and needs and work out a settlement that satisfies both parties.
Owning property with oil and gas interests is a big advantage. But if you need to divide it in a divorce, the financial arguments can take a toll on everyone involved. You need a lawyer who can explain the process and help you find a resolution without adding unnecessary stress. Contact family law attorney Constance Langston. Let us be your guide. Telephone consultations are available and there is a fee associated with each consultation.
