WASHINGTON – In May, Texas senators John Cornyn and Ted Cruz wrote to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin on behalf of a little-known Houston oil company, describing a deteriorating situation in the former Soviet republic of Georgia.
The company, Frontera Resources, was on the verge of losing its contract with the Georgian government to develop oil and gas reserves near the Caspian Sea.
The letter, however, left out one detail: Frontera, dogged by creditors, had tried for more than 20 years to tap the Georgian oil fields — with little outward signs of success.
Nicandros wondered if he could pull off the same feat with Georgia’s difficult to drill oil field.
By comparison, EOG Resources, the Houston oil company with a market value of $29.4 billion, has spent $20,000 on federal lobbyists since 2016.