In a statement posted on its website, the RRC said members of its state taskforce on petroleum theft (STOPTheft) gathered in Midland, Texas, on April 2 “to continue their work addressing the challenges of petroleum theft in Texas”.
The Texas oil and natural gas industry reported job losses in January prior to a Federal Reserve Bank of Dallas report pointing to uncertainty in the industry because of geopolitical conflicts.
Curious Minds Corner
Why did early oil drillers measure crude in 42-gallon whiskey barrels, and does that standard still rule today?
Barrels were reused whiskey containers that held 42 gallons without leaking; yes, it’s the global standard for pricing oil today.