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Name | Symbol | Market | Type |
---|---|---|---|
Plains All American Pipeline | NYSE:PAA | NYSE | Trust |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.76 | 0 | 01:00:00 |
By Dan Molinski
Exxon Mobil Corp. plans to ask Santa Barbara County, Calif., this week for permission to temporarily transport its crude oil in trucks after a pipeline it was using burst two weeks ago, spilling more than 100,000 gallons of oil off the coast.
"The County will consider the information provided by ExxonMobil later this week and make an informed decision, based upon our zoning codes, policies and environmental review if warranted," said Kevin Drude, who heads the county's energy division, in an emailed statement.
Mr. Drude said the pipeline, owned by Plains All American Pipeline LP, pumped about 30,000 barrels a day of crude oil from Exxon's Las Flores Canyon facility to a pumping station in Gaviota, where the crude then continued on to refineries inland. The pipeline also was used to move some 4,000 barrels a day of oil produced by private Denver-based firm Venoco, the official said.
Representatives from Exxon weren't immediately available to comment.
The amount of crude pumped in the pipeline is tiny compared with the nearly 2 million barrels a day of oil refined each day in California, analysts said.
Brad Leone, a spokesman for Plains All American Pipeline, said the pipeline has been out of service since the spill and that no timeline for restarting the pipeline has been set. Federal regulators are investigating the cause of the release of oil.
About 1,000 field workers continue cleanup efforts along the scenic Santa Barbara County coast, where some birds and marine mammals have died, and others were rescued.
Write to Dan Molinski at Dan.Molinski@wsj.com
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