In Montana, ExxonMobil is moving to clean up an oil spill in the Yellowstone River. An Exxon pipeline that delivers 40,000 barrels a day to a refinery in Billings, MT, burst and spilled an estimated 1,000 barrels before being shut down. Due to recent flooding in the area, the extent of damage has not been fully evaluated.
For mineral and surface owners, this is a reminder to add clauses and stipulations in your leases that protect you from potential oil spills and damages. The oil and gas business in general requires a lot of infrastructure, which means a lot of points of risk for accidents.
Exxon will not want similar public backlash as seen during the Exxon Valdez or BP Macondo oil spills. Expect the finacial coffers to be opened quickly to correct this one………
The scope of Exxon Mobil Corp.’s oil leak into the Yellowstone River could extend far beyond a 10-mile stretch of the famed waterway, the company acknowledged under political pressure Monday.
As the company intensified its cleanup of tens of thousands of gallons of spilled crude, Exxon Mobil Pipeline Co. President Gary Pruessing pledged to do “whatever is necessary” to find and mop up oil from the 12-inch pipeline that broke at the bottom of the river over the weekend.
Read the full news release at yahoo.com