Last month, my colleagues and I published an investigation into a Texas oil refinery startup, America First Refining, that had secretly gotten investment from Donald Trump Jr. We discovered a saga involving the Trump administration’s tariff policy, sanctioned Russian oil and an Indian billionaire family’s private zoo.

At the center of the story was the CEO of the refinery company, Texas businessman John Calce. We’d spent weeks examining Calce — pulling old lawsuits, property records, corporate registry filings — and had pieced together a portrait of what appeared to be an obscure serial entrepreneur who’d for years tried and failed to secure funding for his long-shot refinery project.

Then, not long before our story was set to publish, we decided to do a scrub on a separate company he had incorporated called Brownsville Energy Storage Terminals.

Pulling up the company’s website, I felt a brief flash of panic: Had we somehow missed the existence of a major business owned by the man at the center of our next story?

“From Houston to Rotterdam, Jurong to Fujairah. Our network connects the world’s most vital energy markets with speed, safety, and precision bulk oil storage,” announced the front page of the company’s website.

Brownsville Energy Storage Terminals, per the website, had more than 850 employees and 28 million barrels of oil storage capacity across six global hubs. This was puzzling: Our reporting had led us to believe Calce was struggling to raise enough money for a single project in the U.S., not overseeing a massive, multinational oil storage corporation.

Had we been wrong?

We turned to Google to learn more about the company’s top executives. Its CEO, Sarah Jenkins, had more than 20 years of experience at major energy firms. And its chief technology officer, David Chen,........

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