US gas groups heading for reserves write downs.

August 31, 2012 Gas 

FT: “US natural gas companies are heading for large writedowns in their reported reserves as a result of the slump in gas prices – in some cases, putting their finances under pressure. …Last year, the Securities and Exchange Commission wrote to dozens of shale gas companies, calling on them to clarify how they had been reporting their reserves. The scope for views to differ means revisions are difficult to predict.”

Comments

Comments are closed.