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Oil Inches Higher On Falling Rig Count

Oil Inches Higher On Falling Rig Count

Oil prices inched higher at…

Natural Gas Explosion in Louisiana Heard 12 Miles Away

This morning in southern Louisiana, a 14 inch natural gas pipeline ruptured, causing a large explosion which could be heard up to 12 miles away.

A local paper, the Eunice News, along with local television stations reported that the explosion occurred near to Intracoastal City. The incident took place in a sparsely populated rural area and no injuries have been reported.

Local police have confirmed that the gas in the line was shut off and the fire extinguished. Maintenance checks will no need to be made in order to ascertain the cause of the rupture.

Ownership of the pipeline in that part of the state has been traced back to PSI Midstream of Houston, however they have not yet released a statement about the event.

By. Joao Peixe of Oilprice.com



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