Abbott signs bills to boost Texas oil and fight Permian Basin theft

Gov. Greg Abbott signed new laws to support Texas oil and gas and promote long-term growth in the Permian Basin.

Governor Greg Abbott on Thursday signed into law a suite of bills aimed at strengthening the state’s oil and gas industry and driving long-term economic development in the Permian Basin.

At a ceremonial event held at the Permian Basin Petroleum Museum, Abbott hailed the legislation as a turning point for both the energy sector and the West Texas region it powers.

“Today is a defining moment for the Permian Basin, the future of this region, and the future of Texas,” Abbott said. “We are bringing the full weight of the law to crack down on oil theft in the Permian Basin to protect the critical role energy development plays in fueling our economy.

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Source: News4SA

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