Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

UPDATE 1-Magellan Midstream shuts Iowa pipeline after 3,300-bbls diesel spill

Published 2017-01-25, 07:06 p/m
Updated 2017-01-25, 07:20 p/m
© Reuters.  UPDATE 1-Magellan Midstream shuts Iowa pipeline after 3,300-bbls diesel spill

(Recasts with company comments, statement from Iowa DNR, adds background, context)

Jan 25 (Reuters) - Magellan Midstream Partners MMP.N said on Wednesday it shut its pipeline in Worth County, Iowa, after spilling about 3,300 barrels of diesel fuel earlier in the day.

"The Magellan pipeline in the general area has suspended operations. We do not expect any supply disruptions associated with this incident," company spokesman Bruce Heine said in an email.

A county roadway near the impacted area has been temporarily closed, but there were no evacuations or injuries associated with the spill, Magellan said.

But weather conditions, including high winds and blowing snow, are impacting cleanup efforts, the Iowa Department of Natural Resources (DNR) said in an emailed statement.

The news comes as the debate around pipeline safety was rekindled after U.S. President Donald Trump signed orders on Tuesday smoothing the path for the controversial Keystone XL and Dakota Access oil pipelines. and environmental groups had rallied for months against plans to route the $3.8 billion Dakota Access pipeline beneath a lake near the Standing Rock Sioux reservation, saying it threatened water resources and sacred Native American sites.

Iowa DNR said the spill happened early this morning in Worth County, near Hanlontown, which is about 125 miles (200 km) north of Des Moines.

Worth County emergency officials are working with Magellan to ensure the spill is contained, the Iowa DNR said, adding that the company's environmental contractors are vacuuming spilled diesel fuel from the scene.

Staff onsite from Iowa DNR report the fuel pooled in a farm field and does not appear to have reached surface waters.

Magellan said it was probing the cause of the incident and did not have an immediate return date for the 12-inch pipeline system.

Recovery operations are under way and all appropriate federal and state agencies have been notified, the company said. There was no immediate market reaction to news of the spill.

Separately, the president of Tundra Energy Marketing Ltd on Wednesday confirmed its pipeline as the source of a leak of some 200,000 liters (52,834 gallons) of crude oil onto aboriginal land in the Canadian province of Saskatchewan that was discovered by a member of the community last week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.