From the shale drilling blog distributed by Bricker & Eckler law firmin Columbus:
After raising nearly $10 million from investors, a Cuyahoga County group of oil and gas companies collectively known as Preferred Financial Holdings Co. has filed for bankruptcy and agreed to pay $4.5 million to the Securities and Exchange Commission, Crain's Cleveland Business reports.
In the lawsuit, the SEC accused Michael A. Bodanza, the founder and former CFO of the Cuyahoga Heights-based company and its four subsidiaries – Preferred Drilling Co., Preferred Financial Investment Co., Preferred Financial Leasing Co. and Preferred Well Management Co. – of depicting the company’s oil and gas operations “in a positive light” and failing to “disclose to most investors that the company had suffered significant losses from 2007 through 2010,” the article said.
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Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.