How a Texas oil CEO's luxury land deals cost him his job

MIDLAND (Reuters) - In July 2018, oilfield service executive Dale Redman took out a loan to buy the Whitehead Ranch - a 20,000-acre cattle and hunting property in central Texas, featuring two luxury homes, livestock barns, and meadows stocked with deer and turkey.The indulgence fit the lifestyle of a Texas oil tycoon, but the way Redman secured the deal was among a series of missteps that cost him his job. The CEO pledged 230,000 shares of his ProPetro Holding Corp. stock as collateral on the..