Tag: theft
Oil thefts, oil security booming in Permian
2017 Texas oil thefts could amount to between $450 million to $1.5 billion In Midland Texas, an FBI task force has dedicated its efforts to investigating oil thefts that could possible cost producers over one billion dollars in the Permian Basin this year alone. With the shale oil boom that has rejuvenated the Permian comes […]
Innovation helps oil companies wage war on illegal pipeline tapping
Tapping into live oil pipeline with homemade devices is very dangerous, but poor people will continue to take the risk to get it Illegal tapping of oil pipelines is costing oil companies billions of dollars in lost product each year and the problem is growing around the globe, according to Westlake, Ohio-based PLIDCO, a pipeline […]
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