Pennsylvania Supreme Court affirms the Dunham rule and restores certainty to oil and gas law *

USA - May 1 2013
Last August, we reported that a Pennsylvania Superior Court decision (Butler v. Charles Powers Estate) threatened to undermine nearly 200 years of…

---

Oil and gas leasing and development: a real estate lending perspective *

USA - December 31 2012
The Marcellus, Utica and other Shale gas plays have been an economic boon to landowners, the oil and gas industry, and the states and communities in which…

---

Animal, vegetable or mineral, what is Marcellus Shale? *

USA - August 6 2012
In 1882, the Supreme Court of Pennsylvania pronounced what would be known as the Rule in Dunham’s Case.

---

Marcellus Shale uncertainty: Pennsylvania municipal zoning ordinances held to trump statewide uniformity *

USA - August 1 2012
On July 26, 2012, in a decision of major significance to the Marcellus Shale industry, the Pennsylvania Commonwealth Court in the case of Robinson Township et al. v. Commonwealth of Pennsylvania Public Utility Commission et al., No. 284 M.D. 2012 (Pa. Commw. Ct. 2012), declared Section 3304 of Act 13 of Pennsylvania’s Oil and Gas Act to be unconstitutional on substantive due process grounds.

---

SEC targets key mortgage REITs exemption *

USA - December 14 2011
Mortgage real estate investment trusts (“MREITs”), which provide much needed liquidity to a capital starved real estate market, are at risk of losing a key exemption under the Investment Company Act of 1940 (the “Act”).

---