Lawmen in East Texas last week arrested more than a dozen people accused of stealing or conspiring to steal condensate from gas drilling operations in the area in a large-scale conspiracy. More arrests are expected as the investigation continues, officials said.
Stealing
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Snohomish PUD: Enron Traders Gloated About Stealing Millions from CA Customers
Energy traders with the once-powerful Enron Corp. were robbing California “to the tune of a million bucks or two a day” during the state’s energy crisis in 2000-2001, and these activities may have been reported to the company’s top leaders, former Chairman Kenneth Lay and ex-CFO Jeffrey Skilling, according to documents filed last Monday.
Texas Sues ExxonMobil For Oil, Gas Royalties
Texas Attorney General John Cornyn filed a civil lawsuit last week against ExxonMobil of stealing millions of dollars in oil and gas revenue from land owned by the state’s taxpayers. Cornyn accused the company of defrauding Texas for at least 25 years by “knowingly and wrongfully” producing oil and gas from 50 acres of publicly owned right-of-way property in East Texas.
No Holiday Cheer for Producers in Plunging Prices
Producers must have thought the Grinch was stealing Christmasearly when they saw the abyss-like depths to which December swingprices were sinking Monday. “I’ve never seen it [the spot market]dump so hard in my life!” exclaimed a Midcontinent trader.