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Oil Theft, Often Inside Jobs, A Growing Problem in Texas Oilfields

Even at $30 a barrel, oil theft remains a problem in some of the state's drilling hotspots, particularly as local economies struggle to replace the jobs lost as the drilling boom fades.

Former police officer Mike Peters now works security for oil producers. He watches out for signs of oil laundering.

Even at $30 a barrel, oil theft remains a problem in some of the state's drilling hotspots, particularly as local economies struggle to replace the jobs lost as the drilling boom fades. The heists, often inside jobs, can still yield big payoffs on the black market.

Read the full story at KUT News.

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