S.B. No. 494 establishes a task force under the Railroad Commission of Texas to address the theft of petroleum products in the state. The task force will consist of representatives from the oil and gas industry, energy trade associations, and various law enforcement agencies. Its responsibilities include conducting ongoing studies on the theft of petroleum products, reviewing relevant laws and regulations, analyzing the economic impacts of such theft, and making recommendations for outreach, prevention programs, and training for law enforcement.

The task force is required to meet quarterly and will submit a report every even-numbered year to key state officials, including the governor and legislative committees. This report must include recommendations aimed at increasing transparency, improving security, and addressing the long-term economic impacts of petroleum theft. Notably, the task force is exempt from certain provisions of the Government Code regarding its duration and leadership designation. The act is set to take effect on September 1, 2025, and will expire on December 31, 2030.