From ProPublica.com…
Company Backs out of $45 Million Deal to Buy Troubled Wyoming Gas Field
Company Backs out of $45 Million Deal to Buy Troubled Wyoming Gas Field
A deal to sell a controversial central Wyoming natural gas field has fallen apart amidst allegations that drilling there has caused water pollution.
Texas-based Legacy Resources backed out of a $45 million deal to buy the field near Pavillion, Wyom., from EnCana last week, soon after the Environmental Protection Agency said it had detected cancer-causing benzene at 50 times the level safe for humans and other carcinogenic pollutants during its latest round of sampling.********
The cancelled sale could signal difficulty for companies trying to turn over aging gas fields if there are environmental or health concerns related to their operations.
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