The Shale Play Today - June 2012

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In This Issue:

- Summary of New Ohio Oil & Gas Legislation

- Morgantown, W.Va. Works Around Fracking Ban Overturn

- Federal Appeals Court OKs Pa. Gas Pipeline

- Useful Resource: Understanding the Marcellus Shale Supply Chain

Excerpt from Summary of New Ohio Oil & Gas Legislation:

On June 11, 2012, Ohio Governor John Kasich signed Senate Bill 315 ("S.B. 315") into law. S.B. 315 addresses a wide array of issues and substantially revises the sections of Revised Code 1509 and Revised Code 4906.S.B. 315 includes new restrictions and controls on oil and gas producers, well construction, hydraulic fracturing chemical disclosure, increased daily fines for rule violations, pre-drilling water testing, water usage reporting, increased insurance requirements for horizontal wells, enhanced enforcement authority from the Ohio Department of Natural Resources ("ODNR"), and revamped laws affecting midstream companies. The new law, effective September 12, 2012, does not contain an increase in the severance tax, despite calls by the Governor for an increase...

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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