The Shale Play Today - November 2014

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In This Issue:

- Latest Aboveground Storage Tank Act Developments: Interpretive Rule Adopted and Comments Filed on Draft Emergency Rule:

On October 21, 2014, the West Virginia Department of Environmental Protection ("WVDEP") filed with the West Virginia Secretary of State its finalized Interpretive Rule outlining mechanisms for compliance with the imminent deadlines under the Aboveground Storage Tank Act (the "AST Act"), W. Va. Code §§ 22-30-1...

- Meet Your Deadlines - WV AST Act Challenges Webinar:

Although the West Virginia Aboveground Storage Tank Act, enacted this spring, is comprehensive in its scope -- imposing new requirements for registration, permitting, inspection and certification, notice, spill response planning and signage, among other things -- many of the key details of the new regulatory program for aboveground storage tanks ("ASTs") were left to the rulemaking process...

- Pennsylvania, Ohio and West Virginia Can Support Several Large Cracker Plants:

At the recent Utica Summit II, Cleveland State University economist Iryna Lendel stated that the three states' shale is producing large amounts of liquid ethane -- enough to support a multitude of processing plants....

- Marcellus Shale Surpasses Louisiana as the Most Active Place for Trading U.S. Natural Gas:

Trading in the Henry Hub market (southern Louisiana) was down 70 percent this year, while the Marcellus pumps one-fifth of the the nation's gas...

- Another Pennsylvania Cracker Plant Almost a Done Deal?

Shell Chemicals is expected to build an ethane cracker plant in Beaver County, Pennsylvania. The $2.5 billion refinery would employ 400 people and up to 10,000 construction workers....

- West Virginia's Utica Shale Producing the Largest Well - Ever:

Magnum Hunter Resources Corp. has announced their well in Tyler County, West Virginia is the largest in the Utica Shale to date - - and one of the biggest in the United States...

Please see full publication 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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