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Craddick files bill to strengthen oversight, enforcement in Texas oil and gas industry
Craddick files bill to strengthen oversight, enforcement in Texas oil and gas industry

Yahoo

time05-03-2025

  • Business
  • Yahoo

Craddick files bill to strengthen oversight, enforcement in Texas oil and gas industry

Mar. 4—AUSTIN — Rep. Tom Craddick, R-Midland, has filed House Bill 3707 to strengthen oversight and enforcement measures related to petroleum products, oil and gas equipment, and oil and gas waste. This legislation aims to enhance public safety, environmental protection, and industry accountability by addressing the inspection, purchase, sale, possession, storage, transportation, and disposal of these materials. "Oil and gas theft has long plagued the industry, threatening the integrity of Texas' energy sector," Craddick said in a news release. "HB 3707 provides law enforcement with the tools necessary to deter and prosecute these crimes while ensuring the responsible management of seized petroleum products." The bill introduces stricter penalties for violations and creates new criminal offenses for illegal activities involving petroleum products and oil and gas waste. By enhancing oversight, HB 3707 seeks to deter bad actors and promote best practices within the industry. "Texas has long been a leader in oil and gas, and with that leadership comes the responsibility to ensure that oil and gas resources are managed safely and efficiently," Craddick added. "This legislation is a necessary step to protect Texans from fraudulent or unsafe practices." The Texas Legislative Session began on Jan. 14, 2025, and will run through June 2, 2025. HB 3707 is a proactive measure to safeguard Texas' vital energy sector while reinforcing public trust in its operations.

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