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$1.2 million payout reached for 2008 oil well explosion

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By The Staff

A $1.2 million clean-up cost and civil penalties settlement has been reached between the owners and operators of an Oliver Springs oil well that exploded in March 2008 and the U.S. Department of Justice.

The oil well explosion burned for days, spraying oil on nearby properties and forcing residents in the area to relocate until the fire was out.

Daniel F. Potts and Walden Resources, LLC of Petros and ZTX Drilling LLC of Florida have entered into the settlement, said a press release from the office of U.S. Attorney William C. Killian.


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