GOP's Pearce rents equipment to oil companies | KOB 4
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GOP's Pearce rents equipment to oil companies

GOP's Pearce rents equipment to oil companies

The Associated Press
October 09, 2018 02:49 PM

SANTA FE, N.M. (AP) - Republican gubernatorial candidate and U.S. Rep. Steve Pearce owns two companies that actively lease oilfield equipment to undisclosed customers even as he campaigns to regulate a booming petroleum sector and expand an oil-dependent economy.

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A spokesman for Pearce's campaign confirmed this week that the congressman's businesses, Trinity Industries and LFT, provide oilfield equipment rentals after The Associated Press found corporate registration documents that describe the activities.

Pearce reported income in 2017 of between $200,000 and $2 million from Trinity Industries and LFT. Campaign spokesman Kevin Sheridan acknowledged that both companies engage in oilfield equipment rentals, but also include other holdings - some related to building rentals.

While campaigning, Pearce frequently invokes his past business success and expertise running an oilfield services business.

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The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

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