McKinney Oil and Gas Fraud Lawyer

Gas and oil ventures are risky, high overhead, and investment-driven enterprises. They can also prove to be tremendously profitable, which is why fraudsters are often able to scam thousands of people out of millions of dollars.

Various scenarios in the Texas oil and gas industry can result in fraud, royalty disputes, and other misappropriation of assets. A McKinney oil and gas fraud lawyer could aggressively represent parties who have been wronged in conflicts over financial disputes with oil and gas companies, such as the underpayment or non-payment of royalties. Call today and set up a consultation with one of our dedicated attorneys.

Texas Oil and Gas Scams

In Texas, oil and gas fraud cases have risen significantly in the last few years. Even though most companies involved in the oil and gas industry are trustworthy, there are still some operating fraudulently. Even some of the most well-known oil and gas companies do not act reputably.

In McKinney, landowners should be cautious when dealing with gas companies. However, if a gas company treated an individual unfairly, a McKinney oil and gas fraud lawyer could help them reclaim what you lost. An attorney with considerable experience recovering assets lost to oil and gas fraud may be able to help.

How Do Gas and Oil Companies Act Fraudulently?

Gas and oil are immensely profitable industries. Companies know this and are always trying to maximize those profits, sometimes even to the detriment of their clients and investors. That is why it is important individuals know how these companies can defy their consumers’ trust.

Some of the most common allegations of oil and gas fraud include:

  • Breach of contract
  • Failure to pay royalties
  • Incorrect measuring of mineral values or volumes
  • Self-dealing
  • Underpayment of royalties.

To illustrate how serious this can be, in 2009, the multiple big-name oil companies in Texas had to pay $45.5 million to compensate for unpaid royalties between 1988 to 2008.

Warning Signs of Fraud

Landowners should be mindful and careful of the signs that could potentially warn of oil and gas fraud. If a person receives multiple unsolicited cold calls from a company offering services, the company could be operating fraudulently. If the company approaches them with a limited offer, that could also be a warning sign. Individuals should be wary of any promises of windfalls from investments in oil or gas or of any once-in-a-lifetime opportunities.

A Mckinney oil and gas fraud lawyer could recommend that landowners make sure that the name of a company on the Security Exchange Commission registry is the same name they are operating under, and that they have a descriptive name that denotes their work.

Before anyone works with or invests in an oil or gas company, they should make sure the company is in fact registered and has significant oil and gas experience. One of the best courses of action landowners can take to protect themselves from fraudulent oil and gas activity is to avoid making rushed decisions and not considering all key details.

Benefits of Speaking With a Mckinney Oil and Gas Fraud Attorney

If you believe you are dealing with fraudulent companies, speak to a Mckinney oil and gas fraud lawyer. The damages in these cases are frequently large and can involve a great destruction of property and heavy economic losses. If an oil and gas company mistreated you, call today for a free consultation. An oil and gas fraud attorney could review your case and explain potential legal courses of action so that you may receive the compensation you deserve.

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The McCraw Law Group
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Michael Taylor
Michael Taylor
19:46 12 Feb 20
McCraw Law Group is an exceptional firm and I could not ask for more than what I received with their services. All of... their staff, from the clerks to the attorneys, were extremely helpful and caring and constantly asked me if I needed anything or if I had any questions or concerns. If you need to have someone on your side and trust them to have your best interests in mind, I would place that trust in The McCraw Law Group.Would I recommend them to my friends and family? I would without a doubt.Would I like to have them on the other side of a courtroom and going against them? Absolutely Not.To the staff that handled my case, I greatly appreciate all of your work and the result speaks for itself. Thank you!read more
Justin Hansen
Justin Hansen
12:29 07 Feb 20
The staff at the McCraw law group are second to none. They are intelligent and hard working people that will do their... best to make sure you are set to recover physically, emotionally, and financially from any injury. Thank you so much!!read more
Zane Allen
Zane Allen
04:39 18 Dec 19
I was in an accident in March and had injuries resulting from the crash. Obviously my first call was to a doctor to get... checked out but was told I was going to need physical therapy. My second call was to the McCraw Law Group. They took care of all of the grunt work so that all I had to focus on was getting better. They were very communicative about the process, and better yet, they were incredibly responsive to any emails, calls, and questions. I was very appreciative and thankful for all of their hard work. They are a great group of people to work with when you’re needing the help.read more
Elisa Dean
Elisa Dean
15:38 16 Dec 19
I recommend The Mccraw Law Group to anyone who is hurt in an accident.My experience has been wonderful. They do the... best they can to get the most from the insurance company. My communications have been with Vanessa, Suzanne and Jason.Jason is very special to me. He understood my needs and was very caring and the sweetest attorney I have ever met. He was honest and did everything he could to bring my case to a conclusion.Vanessa and Suzanne are very sweet and are there to help every step of the way.read more
Fernando Salas
Fernando Salas
19:07 10 Dec 19
First time needing a lawyer. Everything went extremely smooth and quick. Mr. McCraw went to my house after my car wreck... and I knew at that point that I was in good hands. Everyone who works there are so nice and will answer any questions or concerns you have. Thank you guys for all of your help.read more
Adelyn Braswell
Adelyn Braswell
17:02 10 Dec 19
When me and my family recently got hit by a drunk driver. They helped us with everything we needed. We had so many... questions and didn’t hesitate to answer. It was our first time with any lawyer so they made everything so easy for us, and got it all done so quick. They did everything in their power to get us all the money we deserved. They were all so friendly and I would recommend them to anyone.read more
Courtney Brooks
Courtney Brooks
16:12 12 Sep 19
I had a wonderful experience from beginning to end with the McCraw Law Group. My case was accepted and I was kept up to... date on how it was proceeding, and when it came to a settlement, we got more than expected. Everyone was very kind, the court proceedings went smoothly and I was extremely satisfied. I will definitely use them again if anything else arises.read more
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