What does Texas HB48 do?
Texas has immediately established a specialized Department of Public Safety (DPS) unit dedicated to combating organized oilfield theft, effective May 29, 2025. While this legislation imposes no new tax or filing fee, it requires Upstream, Midstream, and OFS companies to overhaul incident response protocols and asset tracking systems to align with the evidentiary standards of this new statewide enforcement body. Implementation Timeline Effective Date: May 29, 2025 Compliance Deadline: Immediate.