TX HB3707

Requires law enforcement officers who seize allegedly stolen petroleum products (crude oil or condensate) to immediately sell them at market prices based on NYMEX closing prices, with proceeds deposited and disposed of according to existing seized property laws

Authorizes trained Department of Public Safety officers to conduct comprehensive inspections of cargo tanks transporting petroleum products on public roads or railroads, including obtaining samples for forensic analysis at crime laboratories

Expands theft of petroleum products law to include theft of oil and gas equipment (drilling equipment, pipelines, pumps, vehicles) and creates new offenses for transporting petroleum products without identifying the owner, purchasing from unauthorized sellers, or storing/trading through unauthorized methods

Increases criminal penalties for petroleum product and oil and gas equipment theft: third-degree felony for value under $10,000, second-degree felony for $10,000-$100,000, and first-degree felony for $100,000 or more

Creates new criminal offenses for drilling, using, or converting disposal wells for oil and gas waste without a Railroad Commission permit, with penalties ranging from third-degree to first-degree felony based on the value of waste disposed