The Shale Play Today - January 2014

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In This Issue:

- Pa. Supreme Court Strikes Down Key Provisions of Act 13

- Midstream Remains a Hot Spot in Marcellus & Utica Region

- Marcellus Shale Responsible for $1.14 Billion in Deals

- Marcellus Shale Wells Produce Less Wastewater than Conventional Wells

- Excerpt from Marcellus Shale Responsible for $1.14 Billion in Deals:

According to PriceWaterhouse Coopers LLP,more than $1 billion in mergers and acquisitionsdeals were completed in the last three monthsof 2013 - the first time since the spring of 2012.The increase in improvements regarding theindustry, growth in customers, wells performingbetter than expected at lower costs, and abuildup in pipelines for delivery have fosteredwell for the industry.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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