Cash Money is not just the home of some of music’s most prolific hit makers. The label is also widely respected for its savvy business moves.
From that premise, it shouldn’t surprise hip-hop fans that Cash Money CEOs Bryan “Baby” and Ronald “Slim” Williams are looking for a lot more cash money in various genres. They announced they will crowbar their way into the ultra-lucrative oil and gas industry. Bronald Oil & Gas is an independent company centered on detecting and leveraging oil and gas reserves. Bronald Oil & Gas is establishing multiple oil and gas outlets in Oklahoma, Texas, Florida and Louisiana as well as locations in Central America.
The Williamses said in a statement that they are going to be “implementing proven and new cost-effective technologies to profitably recover oil and gas and extend their product life of existing reserves.”
They will do this, in part, by forming strategic alliances with other operators to leverage their respective experience and strengths on development. The Williams brothers said they will attempt to do the following: Form partnerships with service equipment and technology corporations in order to find out if “some of our fields may be designated at testing ground for new and developing technologies.”
Also the brothers want to build “a strong investor and financial partner base by “assembling and offering low to moderate risk [relative to the industry] recompletion and developmental drilling opportunities, as well as more risky exploration and development opportunities.”
–terry shropshire
