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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Bullboard Posts
Post by Sabatoothon Nov 16, 2017 7:09pm
103 Views
Post# 26980584

210,000-gallon oil spill Keystone Pipeline closure-S. Dakota

210,000-gallon oil spill Keystone Pipeline closure-S. Dakotahttps://www.rt.com/usa/410115-keystone-pipeline-leak-south-dakota/

At least 210,000-gallon oil spill causes Keystone Pipeline closure in S. Dakota

At least 210,000-gallon oil spill causes Keystone Pipeline closure in S. Dakota
A leak in the Keystone Pipeline released at least 210,000 gallons of oil, and the pipeline has since been shut off. The leak is now covered, according to TransCanada, the sole owner of the pipeline.

The leak occurred on Thursday morning in an agricultural area in Marshall County, South Dakota. The oil has not entered any waterways or water systems, KSFY reported.

Crews are now working to clean up the leak, and an emergency response plan has been activated to get more staff and contractors to the site.

The Marshall County Emergency Management Director and some firefighters were at the scene of the leak on Thursday evening, according to KSFY reporter Kayleigh Schmidt, who said they told her there was “not much to see” at the site of the leak.

TransCanada released a statement in response to the leak on Thursday.

The Alberta-based North American energy company said its “crews safely shut down its Keystone pipeline at approximately 6 a.m. CST (5 a.m. MST) after a drop in pressure was detected in its operating system resulting from an oil leak that is under investigation. The estimated volume of the leak is approximately 5,000 barrels.“

The company said the section of the pipe that leaked “was completely isolated within 15 minutes and emergency response procedures were activated.”

TransCanada added that it "is providing State and Federal regulators, including the Pipelines and Hazardous Materials Safety Administration (PHMSA) and the National Response Center (NRC), with accurate and confirmed information on an ongoing basis,” in relation to clean-up efforts.

The environmentalist organization Friends of the Earth responded to the spill Thursday, calling TransCanada's safety record “horrible.”

“Today’s spill is just the latest tragedy caused by the irresponsible oil company TransCanada,” Friends of the Earth said.

The organization added: “We cannot let the world’s fossil fuel empires continue to drive government policy toward climate catastrophe. The only safe solution for oil and fossil fuels is to keep them in the ground.”

Brian Walsh, who works with South Dakota’s Department of Environment and Natural Resources, told KSFY his agency was alerted to the leak at 10:30 am Thursday morning by TransCanada. Walsh stated that 5,000 gallons of oil have leaked, and at 42 gallons a barrel, that comes to a total of 210,000 gallons.

In August, Native American activists led hundreds of protesters in opposition to the Keystone XL Pipeline in Lincoln, Nebraska. The protest was in response to public hearings that were being held about construction of the controversial project in their state. The protesters argued that potential spills from the pipeline would pollute their water and soil.

READ MORE: 'Simply no need': Keystone XL pipeline opponents not allowed to testify in Nebraska hearings

Earlier this year, President Donald Trump signed an executive order shortly after assuming office which gave permission for the pipeline to be built. Trump also gave a greenlight to the controversial Dakota Access pipeline, which has faced similar backlash from environmental activists in the US.

The 1,719-mile Keystone Pipeline is intended to transport nearly 830,000 barrels of oil per day from Alberta, Canada’s tar sands, to a transfer terminal in Nebraska. It was originally commissioned in 2010, but was canceled by the administration of former President Barack Obama in 2015, following pressure from activists.


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