Losses to Theft of Oil Equipment in West Texas

Count police in West Texas estimate that oil drillers in the area are losing equipment worth $20 Million a year to theft.

Thieves steal drilling equipment and other items in order to resell the goods on the black market. Some of the equipment are brought over the border and sold in Mexico.

Source:  Dave Fehling, “Fraud in the Oil Fields: A Boom in Theft Costs Texas Industry Millions,” StateImpact, February 18, 2013.