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The SEC has sent subpoenas to energy companies about how they calculate the performance of their...

The SEC has sent subpoenas to energy companies about how they calculate the performance of their shale gas wells. Regulators are concerned firms may be overstating how their wells perform and how much gas can be extracted, and that there are discrepancies in their disclosures.
Comments (3)
  • Bob de'Long
    , contributor
    Comments (696) | Send Message
     
    Government bureaucrats causing U.S. oil & gas producers to waste hundreds of millions of dollars just because one NYT reporter wrote an article based on essentially nothing.

     

    Of course, this is the same SEC that has been ignoring crooked bankers for decades. There is not much difference between the kind of creatures that populate the banks and the kind of creatures who populate the SEC. Neither creates anything of real value.

     

    But most oil men are far different. Oil is value.
    31 Jul 2011, 12:53 PM Reply Like
  • kmi
    , contributor
    Comments (4024) | Send Message
     
    Hundreds of millions of dollars? Really? Any references?
    31 Jul 2011, 09:47 PM Reply Like
  • bigazul
    , contributor
    Comments (999) | Send Message
     
    Would the SEC even know how to judge correct measurement?
    1 Aug 2011, 07:19 PM Reply Like
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