nyse mkt hkn industry oil and gas founded southlake texas united states 1973 headquarters southlake texas services oil and gas exploration and production total assets us 66.96 million 2013 1 us 73.977 million 2012 1 website www.hkninc.com hkn inc. formerly known as harken energy corporation is a small american oil and gas production company with ownership interests in other production companies . the company is headquartered in southlake texas near fort worth . there is a second office near dallas in the town of paris . the total number of employees varies . it is at approximately 20 in 2009 . the company s stock trades publicly on the nyse mkt stock exchange with the symbol hkn . contents 1 history 2 insider trading allegations 3 see also 4 references 5 further reading 6 external links history edit the company began as an unprofitable collection of texas oil wells for investors seeking tax write offs . 2 in 1986 spectrum 7 was bought by harken for 2.2 million citation needed . after the sale of his company as part of the deal george w. bush would serve on harken s board of directors . george w. bush remained on the board through 1993 and was also paid fees as a consultant . 3 in 1987 talat m. othman joined the board of the company and served as the chair of the audit committee . aloha petroleum was sold in a controversial deal in which harken s equity stake in aloha was turned into a loan thereby disguising financial losses . citation needed this questionable accounting technique which can serve to inflate profits was also used by enron . it helped result in the infamous 2001 enron scandal when the fifth largest corporation in america at the time suddenly collapsed into bankruptcy . insider trading allegations edit see also george w. bush business and early political career and george w. bush insider trading allegations harken has attracted attention because of the role played in its affairs during the 1980s by george w. bush later the president of the united states . while a member of the company s board of directors bush sold stock in harken on the 22nd of june 1990 shortly before the company announced substantial losses . 4 this transaction resulted in a u.s. securities and exchange commission investigation of probable insider trading . a harken transaction associated with the endowment fund of harvard university has also been questioned ; see harken energy scandal and the harken board member from harvard michael r. eisenson . the controversy is discussed in the 2004 film fahrenheit 9 11 . in another documentary orwell rolls in his grave one of the responders charles lewis of the center for public integrity said that his organisation brought this controversy on april 4 2000 seven months before the 2000 u.s. presidential election but the mainstream media chose not to report the story . 5 in the drawings of mark lombardi 1951 2000 who was specialized in documenting alleged financial and political frauds by power brokers harken is documented . see also edit acci n de lucha anti petrola references edit a b hkn inc. 2013 annual report form 10 k xbrl . united states securities and exchange commission . march 6 2014 . harken energy chronology . scoop . retrieved 2008 01 08 . the truth about bush and harken energy corp. . retrieved 2008 01 13 . tran mark 2002 07 10 . bush and harken energy . guardian unlimited . london . retrieved 2008 01 08 . orwell rolls in his grave time code 00 43 36 further reading edit harken energy george w. s perfect storm mike allen and george lardner jr. papers offer details on bush knowledge motive for stock sale in 90 remains unclear washington post sunday july 14 2002 ; page a01 external links edit official website retrieved from https en.wikipedia.org w index.php title hkn inc. & oldid 743335736 categories oil companies of the united statescompanies based in the dallas fort worth metroplextarrant county texashidden categories all articles with unsourced statementsarticles with unsourced statements from august 2010articles with unsourced statements from january 2008 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages svenska edit links this page was last modified on 9 october 2016 at 04 51 . text is available under the creative commons attribution sharealike license ; 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