Watching Government: Looking at shale gas

Nick Snow Washington Editor Government investigations into tight shale gas production have taken a new direction with the US Securities and Exchange Commission's apparent launch of an inquiry into producers' developed and producing wells and reserves estimates. The federal agency would not comment on the matter. But two producers, Exco Resources Inc. and Quicksilver Resources Inc., said in their latest Form 10Q filings with the SEC that they had received subpoenas for shale gas information. "The SEC has informed us that their investigation arises out of recent press reports questioning the projected decline curves and economics of shale gas wells," Quicksilver said in its Aug. 9...

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