Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern  on Monday, Mar. 31, 2014 12:00 am  

Although the story didn’t mention it, Nelson was a candidate for the Republican nomination for governor in the spring of 1990, and he would win the primary over the strenuous opposition of the executives at Stephens Inc. He would lose that general election to Bill Clinton. Nominated again in 1994, he would lose to Democrat Jim Guy Tucker.

Nelson is now 72 and still occasionally gets involved in politics, especially issues involving the natural gas severance tax.

Also not specifically mentioned was the fact that Jerry Jones had bought the Dallas Cowboys a year before this article appeared. In 2014, his net worth is estaimated at $3 billion, tying him with 28 other people on Forbes magazine’s most recent list of the world’s billionaires.

In 1996, the U.S. Supreme Court declined to hear an appeal of an Arkoma settlement, so Jones and his associate Mike McCoy were ordered to compensate affected mineral rights owners.

 

 

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