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SEC seeks injunction vs five firms in Texas Oklahoma oil scam
The SEC asks a federal judge to halt activities by Master Drillers Inc Standard Energy Corp Geophysical Sciences Corp Transland Energy Corp and Oil Gas Energy Inc all of Dallas and 11 individuals over a $3.7 million oil and gas Schedule D fraud scheme in Texas and Oklahoma. The suit alleges unregistered sales of well interests and replacement wells via phone cold calls using a dubious device and promises of monthly income with tax losses shielded.
MENTIONED IN THIS ARTICLE
Dallas
The
Securities and Exchange Commission
Texas
Oklahoma
SEC
U.S. Dist
Robert W. Porter
Master Drillers Inc
Standard Energy Corp
Geophysical Sciences Corp
Transland Energy Corp
Oil Gas Energy ,Inc
Robert D. Philpot
Edrie T. Blake
William A. Fuqua
Maurice C. Hooker
Kenneth F. McCarroll
Kent D. Gilmer
Garland
Tex
Jack T. Redden
Lewisville
Ernest Peltzer
Jasper P. Scalise
Pasadena
Walter L. Geroge
Shreveport
Karl Grau
Nashville, Tenn
Philpot
Hooker and Reden
Standard Energy
Transland Energy and Oil — Gas Inc
Standard Or Company
Gray