Spectrum 7 was an oil company started by William DeWitt and Mercer Reynolds. In 1984, Spectrum 7 merged with

George W. Bush George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...

's Arbusto Energy. After the merger, Bush became the Chairman and CEO of Spectrum 7. According to

George Soros George Soros (born György Schwartz; August 12, 1930) is an American investor and philanthropist. , he has a net worth of US$7.2 billion, Note that this site is updated daily. having donated more than $32 billion to the Open Society Foundat ...

, Bush's presence at Spectrum 7 made the failing company more attractive than it would otherwise have been. Spectrum 7 was purchased by Harken Energy in 1986. Due to this purchase Bush became involved in the Harken Energy scandal.

References

Defunct oil companies of the United States Petroleum in Texas George W. Bush Energy companies established in 1984 Non-renewable resource companies established in 1984 Defunct companies based in Texas {{US-energy-company-stub