Regulators reach settlement with Dallas-based oil companies over pipeline rupture

  • Regulators fine oil companies $7.4 million for 2022 spill on tribal land
  • Holly Energy Partners-Operating and Osage Pipe Line Company to pay Clean Water Act civil penalties
  • Companies to implement corrective measures and complete cleanup and remediation
  • 300,000 gallons of crude oil spilled into Skull Creek, flowing into the Cimarron River
  • Pipeline returned to operation at reduced pressure, tribal monitors deployed at spill site

The Justice Department and Environmental Protection Agency have reached a $7.4 million settlement with two Dallas-based oil companies over a 2022 spill from the Osage pipeline onto allotted tribal land. Holly Energy Partners-Operating and Osage Pipe Line Company will pay Clean Water Act civil penalties to settle claims related to the pipeline rupture and crude oil spill onto land owned by members of the Sac and Fox Nation in Oklahoma. The companies also have agreed to implement corrective measures and complete the cleanup and remediation of the affected area. The spill, which occurred in July 2022, resulted in approximately 300,000 gallons of crude oil being dumped into Skull Creek, which flows into the Cimarron River. While the companies are still cleaning up the site, the pipeline has been returned to operation at a reduced pressure. The Sac and Fox Nation currently has tribal monitors deployed at the spill site.

Public Companies: Holly Energy Partners-Operating (), Osage Pipe Line Company ()
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about the settlement reached between the Justice Department, Environmental Protection Agency, and the two Dallas-based oil companies. It mentions the amount of the settlement, the Clean Water Act civil penalties, and the implementation of corrective measures and cleanup. It also provides details about the spill, including the amount of crude oil spilled and the affected waterways. The article does not contain any obvious bias or opinion masquerading as fact. However, it lacks some additional context, such as the cause of the pipeline rupture and any potential long-term environmental impacts.

Noise Level: 7
Justification: The article provides information about a settlement between the Justice Department, Environmental Protection Agency, and two oil companies over a pipeline spill. It mentions the amount of the settlement, the Clean Water Act civil penalties, and the corrective measures and cleanup efforts. However, it lacks in-depth analysis, scientific rigor, and accountability of powerful people. It also does not provide actionable insights or new knowledge for the reader.

Financial Relevance: Yes
Financial Markets Impacted: The settlement between the oil companies and the government may impact the financial performance of Holly Energy Partners-Operating and Osage Pipe Line Company.

Presence of Extreme Event: Yes
Nature of Extreme Event: Environmental Crisis (oil spill)
Impact Rating of the Extreme Event: Moderate
Justification: The oil spill resulted in the release of approximately 300,000 gallons of crude oil into Skull Creek, which flows into the Cimarron River. While the spill has caused environmental damage, the impact is localized and manageable. The companies have agreed to implement corrective measures and complete the cleanup and remediation of the affected area.

Reported publicly: www.marketwatch.com