News: Birdman's Oil & Natural Gas Venture Under Fire, Williams Brothers Decline To Comment
Thursday, Feb 18, 2010 10:30AM
The legitimacy of Cash Money Records co-founder Birdman's new Bronald Oil & Gas Company is now being questioned.
According to reports, the company's locations and listings have not been verified.
As for what Bronald is doing in the oil and natural-gas business, the Williams brothers declined through their publicist, Kia Selby, to comment. Selby said she was unable to provide information about the oil company. Bronald doesn't have a listed telephone number. Numbers for residences in New Orleans and Florida that are linked to Bronald in state records don't take incoming calls. (Bloomberg)
Officials within the oil industry have also reportedly denied its knowledge of Bronald Oil.
Further reports by Bloomberg show that the oil company is listed as serving oil to Oklahoma, Florida and New Orleans, but Oklahoma's oil industry authority claimed to have never heard of such a company and said that they have never partnered with Bronald Oil & Gas LLC. Records in Oklahoma also list the address for the corporation to be a beach front condo in Florida. This all doesn't add up to be a good scenario for Bronald especially since they just launched. (Woooha)
Earlier this month, Birdman confirmed his venture into the oil industry.
"I've been in the oil business about 4 or 5 years now," he revealed in an interview. "That's something me and my brother decided to do outside of music. I read about oil a lot and I was able to get in business. [My company] is called Browner Oil, and I'm making good money off that; that's something for my kids and my kids' kids. They can live off that money forever. I did a few different deals. That was just one of them. When you're dealing with oil, you buy in different areas. Right now I'm active; I got pumps and sh*t that are getting money monthly. I like that oil sh*t. I'm gonna put some more time into it." (Ozone Magazine)
Reports of the venture began to circulate online last month.
Bronald Oil & Gas are using several locations to develop oil and gas outlets, such as Osage County, Oklahoma, Texas, Louisiana, Florida, and unidentified Central America sites. The Williams brothers have issued a mission statement which lists key initiatives which they believe will be instrumental in developing oil and gas energy production in the 21st century: Forming strategic alliances with other operators to leverage their respective experience and strengths on development. Forming partnerships with service, equipment and technology companies. By partnering with such companies, some of our fields may be designated as "testing ground" for new and developing technologies. (All Hip Hop)
Check out a recent Birdman interview down below: