Cash Money’s Oil Business Questioned By Bloomberg

BirdmanLast month, we reported that launch of Cash Money Records founders, Birdman and Ronald “Slim” Williams, had launched an indie oil and gas company called Bronald Oil & Gas.

The company was actually formed by the brothers years ago. But, the news caught the eye of several entertainment-related websites, and a few major financial publications such as Bloomberg.

While Birdman claimed in a recent interview with Ozone magazine that he already had oil pumps producing and was pulling in money on a monthly basis from his energy business, a recent report from Bloomberg questioned whether or not the company was even doing any real energy business at all.

“Right now I’m active; I got pumps and sh** that are getting money monthly. I like that oil sh**. I’m gonna put some more time into it,” he told Ozone recently.

Bronald’s mission statement says they are focused on the “exploration, production and development of oil and gas reserves” in several U.S. Gulf Coast states including Oklahoma’s Osage County.

Well, Bloomberg contacted Oklahoma City-based Chaparral Energy Inc., who operates about 40% of the wells in Osage County. They said they’ve never heard of Bronald or been contacted by the company.

Also, when attempting to dig deeper into the music moguls’ forray into the energy business, the publication found that “regulators that handle oil and gas permits and operator licenses in Texas and Louisiana didn’t have records of Bronald’s existence; nor did Secretary of State offices in Texas and Florida.”

However, Dan Pickering, president of Tudor Pickering Holt (an energy investment and merchant banking boutique), told Bloomberg that it’s likey that the Williams brothers would be non-operating partner in drilling projects since both oil and gas wells are very expensive. So, they could very well be doing business after all, just not hands on.

Other inconsistencies included unlisted phone numbers, or numbers listed to the residences of either Birdman or Slim, and the pair being the other individuals listed under management and director headings on the Bronald website.

While Birdman may have fabricated his statements about actually owning oil pumps that are drilling currently, it’s very likely that the music moguls have a real interest in diversifying their portfolios into energy, but are still in the early stages of reeling in investors to drill.

The Cash Money camp had yet to respond at press time.

20 comments
  1. Oil? Who said anything bout oil, you cookin something bitch! Come here muthafucka!

  2. Birdman is gonna fuck around and lose all his money doing something he knows nothing about! He better stick with the music and stay in his lane.

  3. BABY IS STILL DA #1 STUNNA! AIGHT SUGA SLIM! GO HEAD MANE AND KEEP THEM WHITE FOLKS GUESSIN. HOW U LUV DAT VOL. 3!

  4. All,

    Open your eyes… this is a way for Birdman to “flush” his gains or monetary interests…
    You have to see the bigger picture here. This is simply laundering “proceeds” or hiding it at the very least.

    Wake up People

  5. Watch out Baby, they trying to figure out ways to take yo shit big homie. Stay out of sight and out of mind when it comes to The White Man and The Jews. They will kill you, lock up Weezy and take yo shit and have Peta come after you for child support! LMFAO! Keep getting that Arab money because Habib is the only squirrel that ain’t snitching.

  6. Oh shit! Lol!!!!! That Dave Chapelle shit got me dyin! No foreal i can’t breath mothafucka!

  7. Do you uninformed, preconceived notion demeanor readers know how much goes in to producing oil and gas, through the upstream and downstream phase, plus managing projects through the aftermarket stage? A vessel in the GOM (Gulf of Mexico) goes from 30,000 to 250,000 dollars an hour, a semi-submersible rig can go up to a million dollars a day. This shit is not as easy as you think it is. Your speaking to a world record breaker and setter in this industry. Act like you know!

  8. @Baby Dame ,You are funny as hell!@!! and so true LMFAO….. Baby get out of the oil game while you can !!!! people trying to take your loot and take you down !!! get out Now …..before it’s ttooo late

  9. word to the laundering … some fugazi biz up in here ,juz baby cant keep his mouth shut n gon blow all of this ..

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