NEW YORK (TheStreet) -- Pipelines are the safest way to move oil and gas from a field to market. Breaks are uncommon, but each break is a potential catastrophe.
One such break came over the July 4 weekend in a saltwater line owned by a unit of Crestwood Midstream Partners (CMLP), putting an unwanted spotlight on the Houston-based company.
The underground line contained brine from fracking operations. The brine is between 10 and 30 times saltier than sea water. Some of the roughly 1 million gallons of brine lost got into Bear Den Bay in North Dakota. The bay leads to a lake that supplies water for a local Indian tribe, according to press reports.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV