Skip to main content

As Drilling Proliferates, Scammers Look to Cash In

The oil and gas boom in Texas has given rise to a growing number of fraud cases in which investors — often blue-collar retirees — have been lured by the promise of high returns on supposedly low-risk investments.

By Dave Fehling, Houston Public Media
Republish
Local pumper Bobby Thomason works on cleaning up an old well that was recently worked over to start producing again on a lease in Caldwell County near Luling, January 22, 2012.
Credit: Jennifer Whitney

The oil and gas boom in Texas has given rise to a growing number of scam cases in which investors — often blue-collar retirees — have been lured by the promise of high returns on supposedly low-risk investments. Read the full story at KUHF News.

Texas Tribune donors or members may be quoted or mentioned in our stories, or may be the subject of them. For a complete list of contributors, click here.

Texans need truth. Help us report it.

Independent Texas reporting needs your support. The Texas Tribune delivers fact-based journalism for Texans, by Texans — and our community of members, the readers who donate, make our work possible. Help us bring you and millions of others in-depth news and information. Will you support our nonprofit newsroom with a donation of any amount?

Yes, I'll donate today

Information about the authors

Dave Fehling

HOUSTON PUBLIC MEDIA

Learn more about our publishing partners

Contributors

Learn about The Texas Tribune’s policies, including our partnership with The Trust Project to increase transparency in news.

Explore related story topics

Energy Environment