Sale Ends Department Ownership of Naval Petroleum Reserves
A solitary oil pump at the Teapot Dome Oilfield in Wyoming. | Department of Energy photo.
WASHINGTON –-(ENEWSPF)–January 30, 2015. Today, the Energy Department finalized the sale of the historic Teapot Dome Oilfield located 35 miles north of Casper, Wyoming to Stranded Oil Resources Corporation, a subsidiary of Alleghany Capital Corporation. More than $45 million in proceeds from the sale of the oilfield – known officially as…
