Processing Magazine

Ten arrested in oil, gas thefts at Texas companies

July 1, 2009
According to the Associated Press, ten people have been arrested in the theft of about $2 million worth of oil and gas condensate from oil companies and producers in West Texas. The arrests came following a seven-month investigation by a regional oil theft task force. Six of the suspects face charges of federal wire fraud, mail fraud and conspiracy. Four were arrested on state money laundering charges. Officials say the operation was a partnership between men who sold the stolen oil and gas to buyers who didn''t know of the theft.