Stitt’s Pick to Run State Land Office Led Bankrupt Energy Company
The proposed new secretary of the Commissioners of the Land Office ran an energy company which filed for bankruptcy last year and had been underpaying the commission royalties for oil and gas production.
In a special meeting on Tuesday, the commissioners will consider the appointment of Elliot Chambers to be the new secretary at the Land Office, which runs a $2.3 billion trust fund of oil and gas leases and property to benefit public education.
Chambers was CEO of White Star Petroleum LLC, which filed for bankruptcy in May 2019 and owed the Land Office more than $207,000 in underpayments and interest for oil and gas deductions and valuations on its leases, according to bankruptcy documents. White Star’s assets were later sold to Houstonbased Contango Oil and Gas Co. for $132 million.
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