Organized oil theft rising in U.S. Permian Basin
- 1Nearly half of companies concentrated in the Permian Basin reported operational damage due to fuel theft.
- 2With U.S. oil prices recently reaching approximately $100 per barrel, criminals are targeting the resource.
- 3Sheriff Stan Parker said reports indicate more than 1,000 to 1,500 barrels of oil are stolen every month.
So what's the key point?
Oil theft is occurring frequently in the U.S. Permian Basin. Companies are suffering losses because oil prices are high at around $100 per barrel.
Source Fortune · View original ↗
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