Hearing Set on Alleged Fraud by Fort Worth Oilman

Dec 3

A hearing is scheduled for Jan. 22 at the State Office of Administrative Hearings regarding an emergency order alleging fraud by Michael E. Patman and Woodland Resources LLC in selling working interests in oil well-drilling projects.

Texas Securities Commissioner Travis J. Iles on July 10 entered an Emergency Cease and Desist Order to stop the ongoing fundraising efforts of Patman, the director of operations for Fort Worth-based Woodland Resources, and two other company principals, Jeremy “JB” Yowell and Brett Kroh.

Yowell and Korh are both cooperating with the Enforcement Division of the State Securities Board in its investigation of Patman and Woodland Resources. 

For more information:

Gusher of Debt: Texas Oilman Concealing Bankruptcies, Fraud, Sanctions

Unregistered Agent Agrees to Cooperative in Investigation of Oil Investment