The Pipeline and Hazardous Materials Safety Administration
(PHMSA) found Exxon Mobil Corp. (NYSE:XOM) in probable violation of 9 safety
rules, with a preliminary civil penalty estimate at $2,659,200 in total —
according to the Administration’s “Notice of Probable Violation and Proposed
Compliance Order.” The fine being addressed was made in regards to a rupture of
Exxon’s Pegasus Pipeline near Mayflower, Arkansas.
The accident resulted in the release of “an estimated 5,000
barrels of crude oil in a high consequence area,” based on investigation from
the PHMSA upon completion of inspection the Administration is looking into a
civil suit. Read more
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