Quicksilver Subpoenaed by SEC

In a small, three-sentence blurb included in its August 9, 2011 quarterly report, Quicksilver Resources Inc., acknowledged that it has been subpoenaed by the SEC. The 10-Q filing states that the investigation arises out of “recent press reports questioning the projected decline curves and economics of shale gas wells.” Six days ago EXCO Resources admitted in its 10-Q that it also had received a similar subpoena. The subpoena is mentioned in Part II, Item 5 on Page 48 of the 10-Q.

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Written by Andy Schwabenbauer, Research Fellow
August 9, 2011

EXCO Admits SEC Subpoena

In its 10-Q SEC filing on August 3, 2011, the Dallas-based EXCO Resources Inc., admitted that it has been subpoenaed by the SEC regarding its “proved developed producing shale gas wells and reserve estimates.” The filing also states that the investigation is part of a fact-finding inquiry and that a number of other producers have been subpoenaed as well. The subpoena is mentioned in Part II, Item 5 on Page 55 of the 10-Q.

Click here to see the entire 10-Q report

Written by Andy Schwabenbauer, Research Fellow
August 3, 2011