Police in Red Oak report two people were arrested on 5th Degree Theft charges, Wednesday night. 35-year old Randon Daniel Phelps, and 31-year old Madison Marie Bowling, both of Red Oak, were arrested at around 8-p.m. in the 400 block of E. Reed Street, in Red Oak. The pair were transported to the Montgomery County Jail and held on $300 bond, each.