- Report: #950278
Report - Rebuttal - Arbitrate
Complaint Review: Oil Field Finder, Ry Holland Fielder | Ripoff Report Verified
Oil Field Finder, Ry Holland Fielder | Ripoff Report VerifiedFt Lauderdale, Florida United States of America
Oil Field Finder REVIEW: Comitment to doing the very best for investors. Oil Field Finder producing to drill new deeper wells to expand our investing partners and the company's reserves"
*UPDATE: Ron Holland Fielder - Oil Field Finder Inc, Ry Holland Fielder Inc pledges their commitment to investors by joining Ripoff Report Corporate Advocacy, Business Remediation and Customer Satisfaction Program. A program that benefits the consumer by increasing their confidence when doing business with a member business. Ripoff Report Verified
*REBUTTAL Owner of company: RON WALBLAY CRIMINAL AT LARGE
*REBUTTAL Owner of company: Ron Walblay's response to defamation, lies and total falsehoods.
EDitors UPDATE: Positive rating and recognition has been given to Ron Holland Fielder - Oil Field Finder Inc, Ry Holland Fielder Inc; - Ron Walblay for its commitment to excellence in customer service.
Ripoff Reports discussions with Ron Hollander and Ron Walby shows thier ongoing commitment by the company to investor satisfaction the very best they can with warnings for everyone, .. this investment is only for those that can afford the risk. This means that investors can expect that the company will work hard for their investment to make them money.
..The information provided in this report is based on comments made by Ron Walblay during an on-site inspection held by a third party verification company with no biases toward Ryholland Fielder Inc. .
Ripoff Report Verified .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
Ronald Walblay and Ryholland Fielder Inc. have been in the oil industry for over three decades with the last program being Permian Basin Oil. Their first wells, Buckner 1 & 2 were drilled in Southern Illinois and came in over 100 barrels per day. They remained producing for 25 years and accumulated 60, 000 throughout their lifetime. The CE Skull well was drilled in 1991 and producer over 100, 000 barrels in the first 45 days and still remains in production to this day. In affiliation with Marathon, he drilled wells in 1993 until 2006 when they were sold to a publicly traded company for millions of dollars. There was also a well in Runnels County Texas that produced in excess of 348 barrels a day that lasted from July 31, 2010 to November 15, 2010.
Ronald Walblay has been featured in Oil & Gas Investor Magazine in their May 1998 issue and in present times. He also founded Blue Flame Energy Corporation in 1982 and remained with them until 2010 when they were sold. Ryholland Fielder Inc. believes they have affected thousands of US jobs and interests including ranchers, royalty owners, geologist, surveyors, steel workers, oil rig and pump-jack manufacturers, drillers, oil field and refinery workers, road builders, pumpers, well tenders and many other contracted workers. Their sales process begins with an officer of company that surveys and extensively screens bona fide potential investors. Potential investors are given a full security investment package that outlines all requirements, mission statement, procedures and a highlighted risk summary. Potential investors must be accredited under the terms of an individual whose liquid net worth or joint net worth with spouse exceeds $1M. Or an individual with income in excess of $200 K in each of the two most recent years or joint income in excess of $200 K in each of the two most recent years or joint income with spouse in excess of $300 K in each of those years while reasonably expecting to reach the same income level in the current year. Or any entity that meets the federal securities law definition for the term accredited investor as defined in rule 501 of Regulation D. Once established, the investor enters into a turnkey contract that can be terminated at any time by submitting a quit claim. During the course of an investor working with Ryholland Fielder, Ron Walblay is readily available to any investor at any time and strongly urges them to contact him. In past years the company states some internal systems that have needed improvement has been a couple employees were found guilty of company embezzlement and city wide investment fraud due to the hiring of a fraud examiner. One of these former employees is Michelle Bennett of Eagerville, TN and the case is well documented in news headlines. Since then, the fraud examiner has ensured all records and filings by employees of Ryholland Fielder Inc. conform to regulations. Additionally, the telecommunication/data system was inefficient because of being VoIP and has since been upgraded to T1 network as shown in attached photos. Ryholland Fielder Inc. also reports to all investors through periodic updates via mail of all production material and yield from investment sites nationwide.
Ron Walblay - RY Holland Fielder Inc / Statements from the owner.
I want people to know 3 things.....How I run my business, how I respond to questions or complaints, and that I am the owner and president and I give my investors my personal phone number so they can reach me 24/7 with questions.
All the investors took a risk and wrote off taxes.... tremendous tax returns. I drilled every well to professional standards, It was a great opportunity to get a return. I they dont like production out of a well,. it's nature and its a risk, the riskiest!
I'm a small independent producer and I always disclosed its a risk. I drill, I hit large and small wells and all are done with professional standards. They gambled, some won, some lost. We affect 1000's of jobs... steel workers etc.
The most current posting was an employee I fired because he was not selling and he stole from the company.
Some of the common complaints that have been received are from investors that expect to see returns overnight. Oil investment along with any business investment such as the stock exchange is a gradual process and it can take some time before an investor can see a profit. Essentially, the oil company is at the mercy of what the earth yields in any given region and all best efforts are made on the investors behalf. This information is extensively provided within the initial security package describing potential risk and no guarantee of immediate returns.
The standard practice to resolve customer complaints is initiated via owner and/or office contact which clients are encouraged to do. As outlined in the investment package, investors have the option to receive a portion of the interests back which they are more than welcome to deduct for tax purposes as an intangible drilling cost ordinary loss. This is through a buyback agreement that states interest can be purchased by Ryholland Fielder Inc. within a minimum of 24 months of production if the client is not satisfied and negotiations and offers can be made. Working interest owners can also complete quit claims with the company.
The company states there was a situation in which a former investor had unrealistic and unreasonable expectations and it was attributed to the function of the oil well. Initially the investor was able to see some substantial profit however the well stopped producing and the investor wanted their entire investment returned to them. This is not a standard practice by any investment company and it is clearly outlined within the security package that has to be signed and terms and conditions agreed upon by each investor before actions are made by Ryholland Fielder Inc. All efforts within and exceeding company standards were made by Ryholland Fielder Inc. to come to an amicable conclusion with this investor. Unfortunately, the investor was still not satisfied and resorted to other means to demean Ryholland Fielder Inc. and defame the character and reputation of the owner, Ronald Walblay.
Ron Walblay suggests that his employees handle all situations with professional care and to be forthright and reasonable with the information provided to potential investors. This information must also conform to company standards and industry regulations. Employees must provide the agreement information within the security package verbatim to avoid any confusion and all communication must be approved before public release. The investor must feel comfortable and understand the risks involved and considered with the highest priority at all times. The investor also must receive an outline of production yield with every return. There is a zero tolerance policy for unethical standards performed by employees and all information within the investment security package must be provided without consequential misrepresentation. All lines of communication are also open to potential and current investors and have been improved upon and Ronald Walblay has reaffirmed his position on being available always to help or answer questions.
Since Ripoff Report, the company states that here have not been many changes because Ryholland Fielder Inc. has implemented high standards for many years. The company wants to ensure total customer satisfaction and also provides ongoing information through an investor relations discussion board. Responses to inquiries are done by the owner and/or the investor relations representative. Ronald Walblay also states that he has also made continued efforts to have open communication with investors and the use of a fraud examiner to maintain a high and intolerable level of conformity amongst corporate employees.
Ryholland Fielder Inc. and Ron Walblay state that they realize that in the business world, specifically investments, you cannot satisfy everyone and there can be some backlash because of this. They state that they are making every effort possible to provide the best customer experience and firmly stand behind their brand and reputation they have maintained for 34 years. They are about self-representation in a fair manner and want all investors to under the risks of the industry and/or potential returns before proceeding. Being a part of the Corporate Advocacy Business Remediation and Customer Satisfaction Program affords Ryholland Fielder Inc. the ability to be seen from an ethical business standpoint and to maintain investor relations on a positive level considering they have never been involved in any lawsuits and/or criminal business practices.
Ron Holland Fielder - Oil Field Finder Inc, Ry Holland Fielder Inc; - Ron Walblay recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Reports Review of the company, Ron Holland Fielder and Ron Walblay have made organizational changes allowing its Investors and employees a more streamlined approach to problem resolution and a commitment to a great Investor experience the best they can, with the risks involved..
In summary, after our investigation, which included discussions with Ron Holland Fielder and Ron Walblay, Ripoff Report is convinced that Oil Field Finder Inc, Ry Holland Fielder Inc; is committed to their Investors the very best they can. They know, they make money if their Investors make money.
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Read more about why consumers should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, its a long name for a program that does a lot for both consumers and businesses alike.
Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,.. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
-------------------------------------------------- Oilfield Finder Ron Walblay nice web site and glossy marketing material - it's like putting lipstick on a pig Ft Lauderdale, Florida
In my opinion, Ron Walblay is an alleged embezzler, con man, wife beater, criminal. Oilfield Finder Inc. is the latest company name he is hiding behind.
BE CAREFUL, I WOULDN'T GIVE HIM OR HIS COMPANIES ANY INVESTMENT MONEY. IN MY OPINION ANYONE WHO DOES WILL LIKELY NEVER SEE IT AGAIN AND RON LIKELY WON'T TAKE YOUR CALLS OR E-MAILS JUST LIKE HE WON'T TAKE MINE - YOUR MONEY WILL LIKELY JUST GO UP IN SMOKE LIKE EVERYONE'S BEFORE YOU. HIS SUPPOSED OIL WELL INVESTMENTS ARE A JOKE!!!
See All of the information at the links below before investing. Do your due diligence !!! I WISH I HAD KNOWN ABOUT HIS PAST BEFORE I INVESTED. Ron Walblay is under investigation with the authorities right now. That is a FACT!!!
Everything written in this post is my opinion of Oilfield Finder Inc and Ron Walblay and Julie Culbreth.
This report was posted on Ripoff Report on 10/03/2012 11:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/Oil-Field-Finder-Ry-Holland-Fielder-Ripoff-Report-Verified/Ft-Lauderdale-Florida-/Oil-Field-Finder-REVIEW-Comitment-to-doing-the-very-best-for-investors-Oil-Field-Finder-950278. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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