EX-8.1 4 a2212298zex-8_1.htm EX-8.1

Exhibit 8.1

 

 

January 14, 2013

 

Energy Corporation of America

4643 South Ulster Street, Suite 1100

Denver, Colorado 80237

 

Re: Energy Corporation of America Registration Statement on Form S-4

 

Ladies and Gentlemen:

 

We have acted as counsel to Energy Corporation of America, a West Virginia corporation (the “Company”), with respect to certain legal matters in connection with the preparation of an Offer to Exchange (the “Exchange Offer”), forming part of the Registration Statement on Form S-4 filed by the Company with the Securities and Exchange Commission on December 12, 2012, (the “Registration Statement”). The Registration Statement relates to the registration under the Securities Act of 1933, as amended (the “Securities Act”), of the offer by the Company to exchange up to 4,120,059 common units of ECA Marcellus Trust I, a Delaware statutory trust, for any and all outstanding trust units of Eastern American Natural Gas Trust, a Delaware statutory trust.

 

This opinion is based on various facts and assumptions, and is conditioned upon certain representations made by the Company as to factual matters through a certificate of an officer of the Company (the “Officer’s Certificate”). In addition, this opinion is based upon the factual representations of the Company concerning its business, properties and governing documents as set forth in the Registration Statement.

 

In our capacity as counsel to the Company, we have made such legal and factual examinations and inquiries, including an examination of originals or copies certified or otherwise identified to our satisfaction of such documents, corporate records and other instruments, as we have deemed necessary or appropriate for purposes of this opinion. In our examination, we have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures thereon, the legal capacity of natural persons executing such documents and the conformity to authentic original documents of all documents submitted to us as copies. For the purpose of our opinion, we have not made an independent investigation or audit of the facts set forth in the above-referenced documents or in the Officer’s Certificate. In addition, in rendering this opinion we have assumed the truth and accuracy of all representations and statements made to us which are qualified as to knowledge or belief, without regard to such qualification.

 

We hereby confirm that all statements of legal conclusions contained in the discussion in the Registration Statement under the caption “Material Federal Income Tax Consequences,” constitute the opinion of Vinson & Elkins L.L.P. with respect to the matters set forth therein as of the effective date of the Registration Statement, subject to the assumptions, qualifications, and limitations set forth therein. This opinion is based on various statutory provisions, regulations promulgated thereunder and interpretations thereof by the Internal Revenue Service and the courts having jurisdiction over such matters, all of which are subject to change either prospectively or retroactively. Also, any variation or

 

Vinson & Elkins LLP Attorneys at Law
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Trammel Crow Center, 2001 Ross Avenue, Suite 3700
Dallas, TX 75201-2975
Tel +1.214.220.7700 Fax +1.214.220.7716 www.velaw.com

 



 

difference in the facts from those set forth in the representations described above, including in the Registration Statement and the Officer’s Certificate, may affect the conclusions stated herein.

 

No opinion is expressed as to any matter not discussed in the Exchange Offer under the caption “Material Federal Income Tax Consequences.”  We are opining herein only as to the federal income tax matters described above, and we express no opinion with respect to the applicability to, or the effect on, any transaction of other federal laws, foreign laws, the laws of any state or any other jurisdiction or as to any matters of municipal law or the laws of any other local agencies within any state.

 

This opinion is furnished to you as of the effective date of the Registration Statement, and we undertake no obligation to update this opinion subsequent to the date hereof.  This opinion is for your use in connection with the transactions set forth in the Registration Statement. This opinion may not be relied upon by you for any other purpose or furnished to, assigned to, quoted to or relied upon by any other person, firm or other entity, for any purpose, without our prior written consent. However, this opinion may be relied upon by you and by persons entitled to rely on it pursuant to applicable provisions of federal securities law, including persons accepting common units for exchange pursuant to the Exchange Offer included in the Registration Statement.

 

We hereby consent to the filing of this opinion as an exhibit to the Exchange Offer and to the use of our name under the captions “Material Federal Income Tax Consequences” and “Validity of the Common Units” in the Registration Statement.  By giving this consent, we do not admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act and the rules and regulations thereunder.

 

 

 

Very truly yours,

 

 

 

/s/ VINSON & ELKINS L.L.P.

 

 

 

Vinson & Elkins L.L.P.