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Policy & Regulation

US shale gas producers under pressure to reveal profit details

Three shale gas producers were sent New York State subpoenas as part of a review into how oil and gas companies portray profits of their natural gas wells, Reuters reported this week.
By Staff reporter 19 August 2011 Europe & Russia / Policy & Regulation 0 720

Three shale gas producers were sent New York State subpoenas as part of a review into how oil and gas companies portray profits of their natural gas wells, Reuters reported this week. Earlier this year, New York State Attorney General Eric Schneiderman served several gas producers with subpoenas regarding company disclosure of the environmental impact of hydraulic fracturing (fracking).

Goodrich Petroleum issued a statement on 18 August saying it had “received fact-finding subpoenas from the Attorney General of the State of New York and the Securities and Exchange...