Clean up crews work to collect oil from alongside the Yellowstone River in Laurel, Mont.
NEW YORK (
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The pipeline, which runs from Silver Tip, Mont. to Billings, Mont., failed on Saturday. Exxon shut down the pipe in seven minutes after pressure loss was discovered and it isolated the segment where the oil spewed.
"ExxonMobil Pipeline Company deeply regrets this release and is working hard with local emergency authorities to mitigate the impacts of this release on the surrounding communities and to the environment," the company said in a statement on Saturday.Exxon's shares closed down 46 cents at $81.55 on Tuesday, as the Dow component mobilized quickly to contain the spill.