The Securities and Exchange Commission has been largely silent on the financial losses of the U.S. shell industry in recent years, but that is likely to change.

The report of the investigation into how the top U.S. financial regulator shells Exxon Mobil’s assets follows years of concerns about the industry’s stimulus estimates, leaving billions of dollars in investor losses and writedowns.

Exxon, the largest oil company in the West, has been accused of transmitting the value of a key asset in the Permian Basin and planning a very optimistic drilling, the Wall Street Journal reported Friday. The company rejected the claims, and Exxon’s stock fell as a% fell.

“The SEC is cracking down on overvaluation of these types of hard-to-value assets,” said Arthur Jacoby, a former SEC official and now a partner in New York’s Herrick, Feinstein LLP, and who is not involved in the case. “It’s a very easy way to raise the price of a stock, especially using estimates of what land and oil companies have on the ground.”

The global energy revolution over the past decade has flooded the global energy market, with the United States providing the United States as the world’s top oil and gas producer and consumers with cheaper crude. The production leap was built on a shaky financial basis. Funded by cheap money and encouraged by skyrocketing skyrocketing shell assets that reached heights of rise, industry officials forced investors into a narrative that fracking would make the U.S. oil field comparable to the Middle East.