"WASHINGTON — The Securities and Exchange Commission sent subpoenas this week to energy companies asking them for documents about how they calculate and publicly disclose the performance of their shale gas wells, according to oil and gas industry lawyers.
The subpoenas reflect the regulators’ interest in determining whether companies are overstating how their gas wells perform and how much gas these companies can profitably extract over the long term.
It is not clear how many subpoenas were sent. John Nester, a spokesman for the commission, declined to comment."
Ian Urbina reports for the New York Times July 29, 2011.
Source: NY Times, 08/01/2011
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