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Started By
Message
Taylor Energy and 14 years of leaking oil
Posted on 2/15/19 at 12:00 pm
Posted on 2/15/19 at 12:00 pm
LINK
I doubt seriously it's as bad as has been described. But how in the hell, 14 years later, has this not been fixed.
quote:
Taylor’s platform, known as MC-20 Saratoga, was destroyed by Hurricane Ivan on Sept. 15, 2004. The storm triggered an underwater mudslide that snapped the 550-foot-tall platform’s legs and buried a cluster of wells. Taylor plugged some of the 28 wells and installed three pyramid-shaped oil containment structures.
For much of the past decade, the Coast Guard and other federal agencies have relied on Taylor to track the leak’s volume and lead oil containment efforts. That changed late last year after an independent study requested by the federal government estimated the leak at 10,500 to 29,000 gallons per day – a far greater amount than any estimate from Taylor or federal regulators.
quote:
The Coast Guard directed Taylor to “eliminate the surface sheen” with a new containment system. When Taylor balked, the Coast Guard went ahead and hired a marine contractor, Belle Chasse-based Couvillion Group, and is billing Taylor for the work.
Taylor filed a federal lawsuit in December asking the court to toss out the Coast Guard order. The work is unnecessary and could cost Taylor up to $1 billion, the company’s representatives said. Taylor also sued the Couvillion Group, arguing that the contractor lacks experience with the leak site and could make the problem worse.
I doubt seriously it's as bad as has been described. But how in the hell, 14 years later, has this not been fixed.
14
Posted on 2/15/19 at 12:01 pm to LSUFanHouston
quote:
But how in the hell, 14 years later, has this not been fixed.
See that can right there? Give it a kick and watch as it goes down the road a bit.
Feels good to give the can a nice kick huh?
Posted on 2/15/19 at 12:04 pm to LSUFanHouston
B b b b but O and G only help our state.
Posted on 2/15/19 at 12:05 pm to LSUFanHouston
I can’t believe the government had the audacity to sue that job-creating oil company. fricking scumbag JBE crony trial lawyer scum! We should have given the oil company a tax break to make up for their lost revenue.
This post was edited on 2/15/19 at 12:06 pm
Posted on 2/15/19 at 12:06 pm to LSUFanHouston
they ought to start hanging some of these CEOs
Posted on 2/15/19 at 12:07 pm to LSUFanHouston
quote:Just west of Tulsa is a lake the city gets water from (Keystone Lake). There is also a leaking oil pipeline under the lake since just a few months after either that pipeline or the lake was completed late 1950's/early 1960's. Just always considered too costly to repair. Of course over time the costs keep going up so it's still there.
I doubt seriously it's as bad as has been described. But how in the hell, 14 years later, has this not been fixed.
Posted on 2/15/19 at 12:10 pm to LSUFanHouston
So say 20,000 BBL/ day
———————————————-
* I failed reading comprehension today. As pointed out, it was gallons per day not barrels.
Me:
Rest of my dumb post below:
———————————————-
Times $55 per barrel
Comes to $1,100,000 lost revenue per day
Something does not add up.
That’s $401,500,000 lost revenue a year.
Times 14 years = A lot of money
———————————————-
* I failed reading comprehension today. As pointed out, it was gallons per day not barrels.
Me:
Rest of my dumb post below:
———————————————-
Times $55 per barrel
Comes to $1,100,000 lost revenue per day
Something does not add up.
That’s $401,500,000 lost revenue a year.
Times 14 years = A lot of money
This post was edited on 2/15/19 at 12:59 pm
Posted on 2/15/19 at 12:13 pm to LSUFanHouston
I was actually on the kill team that drilled into the wells and pumped cement into them (I ran special MWD tool that would get bit close to wells). Ten of the 28 wells were done first and chosen as the ones that were leaking oil or they thought were the culprits. Mrs. Taylor put up a large portion of the money (can't remember but in the hundreds of millions) and we did the first ten. Years later still leaking and she said she's not putting up anymore money to do anymore and that's where it's at. She said she's done with it. She inherited the company from her late husband who the LSU Engineering Dept is named after. They're a very wealthy New Orleans couple and from all accts a very nice and giving charitable family. It's a sad situation though.
Posted on 2/15/19 at 12:27 pm to LSUFanHouston
quote:Incompetence, corruption, etc.
But how in the hell, 14 years later, has this not been fixed.
Posted on 2/15/19 at 12:56 pm to LSUFanHouston
29k gallons per day = 527 barrels
@$50/barrel = $26.35k/day max
Equals about $9.15 million per year
@$50/barrel = $26.35k/day max
Equals about $9.15 million per year
Posted on 2/15/19 at 1:00 pm to LSUFanHouston
Drill baby drill
Posted on 2/15/19 at 2:11 pm to LSUFanHouston
A few points that need to be made.
1) Crude oil naturally seeps from the seafloor all the time.
2) The amount of remaining seepage IS the issue that’s being debated. Taylor has expert testimony that alleges the remaining seepage is equivalent to natural seepeage.
4) The technology needed to estimate these things is complicated and only a few companies have the expertise to give an educated guess on the subject.
5) The company chosen by the Coast Guard, Couvillion, is alleged to be a brother-in-law deal and don’t have any expertise in with this. The court ruling is a defacto blank check for this company for unending monitoring, sapping from the money available to actually do clean up once the source and amount of seepage is discovered.
1) Crude oil naturally seeps from the seafloor all the time.
2) The amount of remaining seepage IS the issue that’s being debated. Taylor has expert testimony that alleges the remaining seepage is equivalent to natural seepeage.
4) The technology needed to estimate these things is complicated and only a few companies have the expertise to give an educated guess on the subject.
5) The company chosen by the Coast Guard, Couvillion, is alleged to be a brother-in-law deal and don’t have any expertise in with this. The court ruling is a defacto blank check for this company for unending monitoring, sapping from the money available to actually do clean up once the source and amount of seepage is discovered.
Posted on 2/15/19 at 5:08 pm to LSUFanHouston
quote:
leaking oil
Posted on 2/15/19 at 5:45 pm to LSUFanHouston
Well, whoever owned it then has probably gotten their money and left.
Posted on 2/15/19 at 9:00 pm to LSUFanHouston
quote:
But how in the hell, 14 years later, has this not been fixed.
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