Securities

Quicksilver Resources Inc. said that its Barnett Shale subsidiary, Quicksilver Production Partners LP (QPP), has registered for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

Vincente Martinez, who most recently served as an enforcement official with the Securities and Exchange Commission (SEC), has been tapped as the first director of the Commodity Futures Trading Commission’s (CFTC) new Whistleblower Office.

The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.

The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.

Oilfield services provider Platinum Energy Solutions Inc. filed plans with the Securities and Exchange Commission to sell up to $300 million of common stock in an initial public offering. The Houston-based company, which specializes in hydraulic fracturing in unconventional oil and natural gas plays, coiled tubing and other pressure pumping services, has operations in Texas and northwestern Louisiana. Platinum’s “quintuplex” pumping units are capable of delivering up to 2,500 hydraulic horsepower with an 80% efficiency, according to the company. Platinum said it has applied to list its stock on the New York Stock Exchange under the ticker FRAC.

The cloud of confusion surrounding the U.S. Geological Survey’s (USGS) recent estimate of undiscovered, technically recoverable natural gas and natural gas liquids (NGL) contained in the Marcellus Shale — and the apparent differences between the USGS assessment and previous estimates — cleared somewhat Friday as the agency clarified its methodology.

Quicksilver Resources Inc. is the latest company to disclose that it has been served by the Securities and Exchange Commission (SEC) with a subpoena seeking information on proved developed producing (PDP) shale gas wells and reserve estimates from Jan. 1, 2008.

El Paso Corp. said Thursday it has filed Securities and Exchange Commission forms related to the planned spinoff this year of its exploration and production (E&P) business. The filing provides information about the spinoff and a detailed look at all aspects of the E&P business.

Quicksilver Resources Inc. is the latest company to disclose that it has been served by the Securities and Exchange Commission (SEC) with a subpoena seeking information on proved developed producing (PDP) shale gas wells and reserve estimates from Jan. 1, 2008.