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Permian operators alarmed by rise in oilfield theft - Midland Reporter-Telegram

Midland Reporter-Telegram · last updated

Permian operators, PBPA alarmed by recent rise in oilfield theft
An oil production site near Midland. Permian Basin oil and gas operators are reporting a significant increase in oilfield theft, prompting the PBPA to hold meetings on the subject. Sergio Flores/Photographer: Sergio Flores/Bloo

Permian Basin oil and gas operators are alarmed at something beyond volatile oil and natural gas prices and pending regulations.

Several members of the Permian Basin Petroleum Association are expressing concern over what they see as a dramatic increase in oilfield crime in the Permian Basin.

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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