Investing

Chevron Spill in Marcellus Shale Larger than First Report (CVX)

When an underground pipe broke at a shale gas well in Pennsylvania last December, well-owner Chevron Corp. reported an underground spill of about 2 barrels of condensates. As of today, the broken pipe is thought to have spilled 80 barrels of condensate.

The leak occurred between November 8th, when Chevron began “fracking” the well and December 20th, when the spill was discovered, according to the Pittsburgh Post-Gazette. At least 1,000 cubic yards of soil around the well pad have been removed so far and Chevron has said that contamination has spread beyond the well pad itself.

A Pennsylvania Department of Environmental Protection official said, “Condensate has been detected off the well pad within the surface waters below the site.” There is no indication yet that any groundwater or wells have been contaminated.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.