4 Energy Stock Stories Ready For a Wednesday Perusal
Exxon Mobil Corp. (NYSE:XOM): Closing price $88.85
The website of the attorney general of Pennsylvania says that the energy major has been charged with illegally dumping over 50,000 gallons of wastewater at a shale-gas drilling site in that state. Exxon’s division XTO Energy Inc. has been blamed for discharging the water from waste tanks at the Marquandt well site in Lycoming County in 2010, said a statement on the website. The pollution was found during an unannounced visit by Pennsylvania’s Department of Environmental Protection, when inspectors found a plug removed from a tank, letting the wastewater to run onto the ground, polluting a nearby stream. XTO was instructed to remove 3,000 tons of soil so as to clean up the area. The official’s statement said that wastewater discharged from natural-gas wells may contain chlorides, barium, strontium, and aluminum.