Posts Tagged ‘Tony Tinderholt’

Occidental Makes $12 Billion Bet On Shale (Plus Texas Conservative Political Implications)

Monday, December 11th, 2023

Here’s some Texas oil industry news that also has some political implications.

The most well-known political donor in Texas GOP politics, Midland’s Tim Dunn, just became substantially wealthier as his shale company CrownRock LP was purchased by Houston’s Occidental for a deal worth roughly $12 billion.

That total is broken down into three tranches: $9.1 billion in new debt financed through loans with Bank of America, $1.7 billion in new-issued stock, and $1.2 billion in assumed CrownRock debt. The deal will go through by the end of 2024’s first quarter.

“We believe the acquisition of CrownRock’s assets adds to the strongest and most differentiated portfolio that Occidental has ever had,” Vicki Hollub, CEO of Occidental, said in a release.

“We found CrownRock to be a strategic fit, giving us the opportunity to build scale in the Midland Basin and positioning us to drive value creation for our shareholders with immediate free cash flow accretion.”

The deal is a massive one in the petrochemical business, moving CrownRock’s 170,000 barrels-per-day production to the 10th-largest petroleum company in the U.S.

Not so long ago, some pundits were predicting that Saudi Arabia could just lower the cost of oil until they drove all the American shale players out of business. That turned out not to be the case. American shale companies improved their technology and got smarter and leaner, managing to survive and thrive even at lower oil prices.

The purchase may also have a significant impact on the Texas political landscape.

But the larger impact could come on the political side, supplementing Dunn’s already large war chest even further. Dunn has contributed nearly $14 million to candidates and political action committees (PAC) on the state level in the last three years, $9.6 million of which went to the now-embattled conservative group Defend Texas Liberty (DTL).

DTL has been mired in scandal since its then-president, former state Rep. Jonathan Stickland (R-Bedford), hosted right-wing gadfly and antisemitic commentator Nick Fuentes at the office of his Fort Worth consulting firm Pale Horse Strategies back in October. Fuentes was photographed entering the office building and leaving it over six hours later. The meeting has sent a ripple effect throughout Texas politics, most notably in Lt. Gov. Dan Patrick’s use of his $3 million donation and loan from DTL to purchase Israeli government bonds.

I never reported on the whole Nick Fuentes thing because I thought it was a clown-show distraction from real news, and because I never felt Defend Texas Liberty had much of an impact. They back Dan Patrick and Tony Tinderholt, but both were well-established before they got DTL money.

Stickland was removed from his position as president — replaced by Luke Macias — but could still preside over Pale Horse according to business filings, the overarching consulting firm that directs the various organizations underneath its umbrella.

It’s also caused turmoil within the Republican Party of Texas (RPT) — to which Dunn has given $130,000 since 2021 — culminating in a heated debate over the adoption of language forbidding association with espousers or tolerators of antisemitic views.

The scandal drew a tacit response from Dunn when he posted back in October, “I am proud to have been named as a top 50 Christian ally of Israel by the Israel Allies Foundation, and call on all people to stand with Israel at this time of need. Israel must defeat Hamas, who was put on a suicide mission against them by Iran.”

Dunn is the chairman of the Christian Advisory Board within the Israel Allies Foundation — a group that organizes trips to the Jewish state for political leaders and business figures with the goal of fostering partnerships.

If Dunn needs a good cause for his billions, maybe he could consider backing primary challenges to every Republican state rep who opposed school choice. The filing deadline for 2024 races expired just as I was typing this up…

The Long Road To Texas Constitutional Carry

Sunday, June 20th, 2021

Though the 87th legislative regular session was a very mixed bag, among the good bills to actually make it to the end of the sausage factory was constitutional carry, and Texas Governor Greg Abbott signed that and a host of other Second Amendment bills this week:

Gov. Greg Abbott signed a number of pro-Second Amendment bills that were approved by the state legislature earlier this year at a press conference at the Alamo on Thursday.

“We gathered today at what truly is considered to be the cradle of liberty in the Lone Star State,” said Abbott.

The governor said they were holding the press conference “where men and women put their lives on the line, and they lost their lives, for the ultimate cause of freedom.”

“They fought for freedom. They fought for liberty, and that includes the freedom to be able to carry a weapon.”

Legislation that the governor signed, which will all go into effect on September 1, includes:

  • Senate Bill (SB) 19: prohibits state agencies and political subdivisions from contracting with any business that discriminates against firearm businesses or organizations.
  • SB 20: requires hotels to allow guests to store their firearms in their rooms.
  • SB 550: removes the specific language in state code that handguns must be worn in a “shoulder or belt” holster, allowing individuals to utilize any type of holster.
  • House Bill (HB) 957: exempts Texas-made suppressors from federal regulations surrounding the noise-reducing accessories.
  • HB 1500: removes the governor’s ability in state code to regulate firearms during a disaster declaration.
  • HB 1927: the “constitutional carry” bill that allows nearly all Texans over the age of 21 who can legally possess a handgun to legally carry it in public without a special permit.
  • HB 2622: the “Second Amendment sanctuary” bill that prohibits state and local government entities from enforcing certain types of potential federal firearm regulations that are not included in state code.

“[The Alamo defenders] knew the reason why somebody needed to carry a weapon was far more than just to use it to kill game that they would eat. They knew as much as anybody the necessity of being able to carry a weapon for the purpose of defending yourself against attacks by others,” said Abbott.

The governor pointed to the ongoing border crisis as a reason for Texans needing to be armed to defend themselves “against cartels and gangs and other very dangerous people.”

HB 1927, the Firearm Carry Act of 2021, takes effect September 1, so idiots blaming the Sixth Street shooting on it are talking out their ass.

In an email, Gun Owners of America Texas Director Rachel Malone notes that it took a decade to reach this point:

For me, the journey began ten years ago, in 2011. I became aware of the licensed open carry bill that the Texas Legislature was considering, and I figured that all the politically-involved people would do the work to pass it. How hard could that be? This is Texas, after all.

I was shocked when I heard that the bill had died without even receiving a vote….

When I showed up in 2013 for the legislative session, there were about half a dozen dedicated grassroots Texans who spoke up with me to end the permit requirement. That year, our words seemed to fall on deaf ears.

However, when all the significant gun bills in 2013 died, many more Texans came to the same conclusion that I had in 2011: you shouldn’t take it for granted that someone else will do the work to protect your rights.

During the next several legislative sessions, in 2015, 2017, and 2019, increasing numbers of Texans began showing up when it mattered — not merely at protests or rallies, but actually beginning to do the work inside the Capitol.

It was a long, uphill battle that not only took a lot of work and effort, but one that was ignored or fought by state congressional leadership along the way:

Constitutional carry has been a top priority for the Republican Party of Texas and gun owners across the Lone Star State for a long time.

In fact, constitutional carry was the first “legislative priority” approved by the delegates to the Texas GOP’s convention a decade ago.

Even as the list of party priorities expanded to eight over the years, constitutional carry has remained one of the party’s top goals for the legislature, as 20 other states—including Vermont—enjoy some form of permitless carry.

Despite this fact, however, the bill had not received much traction in the Texas Legislature in recent sessions. In 2019, for example, the bill was sent by then-House Speaker Dennis Bonnen to a committee led by Democrat State Rep. Poncho Nevarez (Eagle Pass), where it was not even given a hearing. Bonnen himself even referred to supporters of the legislation as “fringe gun activists.”

That same year, the legislation was not even filed in the Texas Senate.

So entering the legislative session at the beginning of 2021, the fight to pass the bill looked like an uphill battle. As the session began, numerous bills were filed in the House to remove the permit requirement to carry handguns, while State Sen. Drew Springer (R–Muenster) filed similar legislation in the Senate.

When committee assignments were announced in early February in the Texas House, new hope appeared for passing the bill.

Instead of appointing a Democrat to chair the Homeland Security and Public Safety Committee that has traditionally blocked constitutional carry legislation in the past, House Speaker Dade Phelan appointed Republican State Rep. James White (Hillister).

White, a known supporter of constitutional carry who had previously filed a bill to implement it in a previous session, was joined on the committee by four Republicans who had been endorsed by Gun Owners of America, an organization that has heavily advocated for constitutional carry, including State Reps. Cole Hefner (Mt. Pleasant), Matt Schaefer (Tyler), Jared Patterson (Frisco), and Tony Tinderholt (Arlington).

Ultimately it was Schaefer’s House Bill 1927 that made its way out of the committee and onto the House floor.

On Thursday, April 15, after several hours of debate and attempts by opponents to derail the legislation, the bill passed the House by a vote of 84 in support and 56 in opposition.

While most Democrat efforts to amend the bill were rebuffed, so too were some efforts by Republicans to strengthen the bill. One amendment that would have lowered the age from 21 to 18, for example, was strongly rebuked.

Notably, the lone Republican to vote against the bill was State Rep. Morgan Meyer (R–Dallas), while some Democrats like State Rep. Leo Pacheco (San Antonio) and Terry Canales (Edinburg) joined Republicans in support of the legislation

With the bill having passed its first major hurdle, attention quickly turned to the other chamber.

Just a few days after the bill’s passage in the House, Lt. Gov. Dan Patrick said the issue did not have enough votes to pass the Senate.

Almost instantly, activists began to light up Senators’ phone lines, demanding to know which Republicans were secretly blocking the bill behind the scenes.

Then, the Senate began to act.

First State Sen. Charles Schwertner (R–Georgetown) filed a new bill on the subject that was almost immediately referred to the Senate Administration Committee, chaired by Schwertner himself.

Then, seemingly overnight, Patrick created a new committee called the Senate Special Committee on Constitutional Issues. The only bill referred to the committee? HB 1927, the constitutional carry bill that passed the House the week prior.

Patrick then promised a vote on the issue in the Senate, even if it didn’t have the votes to pass, a move that would be considered highly unusual in the chamber, where normally authors must show they have the votes to pass their bill before it is brought up for consideration.

On May 5, the bill finally passed on an 18-31 party-line vote in the Senate. Due to amendments added in the Senate, the bill was sent to a conference committee, where members from House and Senate work to come to an agreement on which version of the bill will ultimately be sent to the governor.

On May 24, with just a week left in the session, the bill received final approval by both chambers.

Texas is actually fairly late to the game in passing Constitutional Carry:

35 years ago, it was illegal in 16 states (including Texas) for a civilian to carry a concealed weapon. Only Vermont did not require a pistol permit.

Working through the slow process of going state to state to change the law, the revolution happened.

First came the switch from no permit to may permit. That placed the decision on issuing permits in the hands of elected sheriffs, which explains why California and New York have not budged. Democrat sheriffs pocket a lot of money from patrons who want to carry.

Then came shall permit. This put the onus on law enforcement to show why a person should not carry a concealed weapon.

Finally, came freedom. 19 states no longer require the state’s permission to carry a concealed weapon.

What happens next? Well, as with open carry and campus carry, expect the gun grabbing crowd to predict horrific bloodshed from constitutional carry that never materializes, because it hasn’t happened in any other state that passed constitutional carry. Indeed, the three safest states in the union (Maine, Vermont and New Hampshire) are all Constitutional Carry states.

It’s been a long, hard road to get to this point, but it shows that dedicated activists can overcome establishment opposition and inertia to pass pro-freedom laws. And every pro-freedom law passed makes it that much harder for the leviathan state to take away those rights in the future.

There are no lost causes in American history because there are no won causes, and the price of freedom is eternal vigilance.