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DOJ Indicts Fourteen in Permian Basin Oil-Theft Conspiracy: Crude Stolen From New Mexico Producers, Stored on Federal Land, Sold Below WTI
A federal grand jury in Lubbock returned a 14-defendant indictment on April 8 — unsealed Wednesday — alleging that Texas-based Reidco Enterprises co-owners Randell and James Reid bought crude oil stolen from Eastern New Mexico producers by 11 Lovington, NM defendants, with one conspirator using leased U.S. government land as the storage point.
