The Kaiser-Francis Oil Company is like other Oklahoma energy empires in many ways. It’s been created by entrepreneurs who pulled themselves up by the bootstraps. It’s ruled by a billionaire CEO who has weather storms of controversy and showers of praise, but the Tulsa-based exploration and production company is different. It isn’t pushing for oil and gas tax cuts according to a recent article from StateImpact Oklahoma.
The Texas oil and gas boom is bringing in the money, but it’s also bringing in the scammers. KUHF News reported the person running the company gathering investors might be a felon, and that's okay with the State of Texas.
The current domestic drilling boom has brought plenty of jobs, traffic and concerns about pollution and sustainability. It’s also put the U.S. in a position that was unimaginable a decade ago: this year, the U.S. will be the number one producer of oil and gas, according to the federal Energy Information Administration (EIA) according to State Impact Texas.