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Fuel Fix: Frackers Subpoenaed by SEC?

1 min. read

According to FuelFix, it appears that natural gas "frackers" could face a new obstacle to their expansion, in addition to opposition from communities across America to the threat that fracking poses to water supplies and public health.

A number of lawmakers have called on the Securities and Exchange Commission to investigate aspects of the natural gas E&P business, namely whether companies are reporting the financial viability of shales accurately.

Now, Fuel Fix reports that "the SEC has pulled the trigger," with "subpoenas seek[ing] documents and information regarding the actual performance of shale gas wells against forecasted or projected performance, the propriety of decline curves for the wells, and the calculation and public disclosure of full-cycle margins."

This will definitely be a story to keep a close eye on.