Chevron issues statement on Texas pipeline incident

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX +0.5%) says one of its pipelines exploded in Texas, and it has initiated emergency response procedures; the small town of Milford, ~50 miles south of Dallas, is being evacuated.

Earlier reports had speculated that the pipeline belonged to Kinder Morgan (KMI, KMP).