"Is it possible to remove oil from tanks and sell it on a "black" market?"
Usually it would happen like this... an operator would take oil from a tank having a low NRI interest and transport it to a lease in which the operator owned 100% of the gross revenue. This, however, is an invitation to jail time and I'd think it would be unlikely to happen if one has PR'ed "having" the oil in "storage", and then having it disappear, ie, not showing at the end of the month "carryover" figures reported to the state.
Wait a minute! That's what's happened. No report of carried over stocks totalling anything like 10K bbls. Go figger.
I'm sure they have just missed noting where the stash is sequestered so somebody could check it out. Hell, generally only takes a few weeks to get a load ready to sell, de-emulsifying, heating, etc.. Anyhow, would be interesting to get a progress report on how treating that oil is coming along, and what the final bbls sold are. I wouldn't hold my breath. There simply are no co-mingling facilities, LAK facilities or ways around the rules to have had that happen, IMHO.
LO
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