I meant to tell you, Dear Readers, that the SEC is subpoenaing shale operators.
Is SEC subpoenaing shale operators? Apparently yes.
Posted on July 28, 2011 at 3:18 pm by Tom Fowler
And, the rumor is: there will be another article in the NY Times tomorrow.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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Southwestern Energy falls as some wells’ output drops
http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20110730_46_E1_ULNSbn369592
Arkansas publishes production rates online at http://www.aogc.state.ar.us
Easiest way to verify is to pick around the data mining map. Production rates for all companies mirror what the the NYT article stated a few weeks ago.
The only way they can maintain production rates is to constantly drill new wells. The only way they can do it profitably is to get prices back up using exports and the ChesaPickens plan.