By Houston Business Journal 75-ton cap put a halt to the oil that was being released into the Gulf after the April 20 Deepwater Horizon explosion and subsequent spill. BP said Monday that the pressure inside the well recently had been measured at about approximately 6,792 pounds per square inch and is slowly rising.
As of Monday, BP said it has spent $3.95 billion on the spill response, containment, relief well drilling, grants to the Gulf states, claims paid and federal costs. To date, the total volume of oil recovered or flared by the containment systems is about 826,800 barrels.An estimated 1.5 to 2.5 million gallons of oil had been leaking into the Gulf every day. The Houston Business Journal is providing continuous coverage of the Gulf oil spill. Copyright 2010 American City Business Journals http://houston.bizjournals.com/houston/stories/2010/07/19/daily10.html?ana=thestreet