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Exxon official says Arkansas pipe in spill could be retired

  • An Exxon Mobil (XOM) VP says it’s too early to know the fate of the 1940s-era Pegasus pipeline that leaked oil into an Arkansas town earlier this year but says it could be taken out of service.
  • The official says pipeline inspections in 2010 found "anomalies" but found no trouble in the section of pipe that ruptured, or during other tests in February.
  • XOM reiterates the pipeline will not be restarted until the company and federal government are sure it’s safe to do so.
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