Energy
Mariner Rig May Have Caused Slick: Report
The platform, situated in shallow water 100 miles off the coast of Louisiana in the Gulf, was producing about 9.2 million cubic feet of natural gas per day and 1,400 barrels of oil and condensate, according to the company's press release. It and another Mariner-owned well on the same oil-and-gas block, called Vermillion 380, produced 1.1 billion cubic feet of gas in 2009.
Shares of Mariner, which is in the process of being acquired by Apache Energy, promptly sold off in frantic trading after the news broke, dropping nearly 11%. By Thursday afternoon, as more details emerged that appeared to allay fears of a catastrophic accident, the stock retraced some of those losses. Mariner shares closed Thursday at $22.75, down 2.6%. Volume surpassed 44 million, nearly 10 times the daily average. -- Written by Scott Eden in New York >To contact the writer of this article, click here: Scott Eden. >To follow the writer on Twitter, go to http://twitter.com/ScottEden. >To submit a news tip, send an email to: tips@thestreet.com.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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