Wed Sept 19, 2018
During any oil boom there are always groups that look to become J R Ewing the quick and easy way, just steal oil from a third party.
Ricardo Sanchez Jr. Ricardo Guevara and Romeo Garcia Jr. hav all pead guilty to selling $2 M of oil in the Eagle Ford. The created a fake company, Andra Energy Llc which claimed to recover oil from frack waste water.
OIl fields have elaborate pipelines which make it relatively easy to simply drain a tank and send the oil elsewhere. The group created false run tickets to show legitimate sales.
Like so many fraudsters, staying too long at the scene of the crime is ultimately dangerous. The longer such a scheme goes on the greater the danger of being caught.