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Magnitude 4.2 Earthquake Strikes Near Cushing Oil Storage Hub

Published in Oil Industry News on Monday, 17 July 2017

Graphic for News Item: Magnitude 4.2 Earthquake Strikes Near Cushing Oil Storage Hub

An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Okla., about 20 mi (32.2 km) from the key oil storage hub in Cushing, Okla., the Oklahoma Geological Survey (OGS) said.

There have been no initial reports of damage from the quake, Oklahoma Corporation Commission spokesman Matt Skinner said by phone, cautioning that it was still early to determine the impact of the temblor.

A series of aftershocks shook the area in the hour following the earthquake, including two quakes measuring at magnitude 3.7 and 3.8, according to the U.S. Geological Survey.

So far, oil companies operating the tanks and pipelines around the Cushing hub have reported no damage. Phillips 66 said it was monitoring the situation but was not impacted. Enterprise Products Partners said it had assessed its facilities and found no earthquake-related issues.

Oklahoma has experienced a rash of earthquakes in the past few years following a surge of oil and gas production in the state. The quakes have been attributed to the injection of saltwater, a normal byproduct of oil and gas production, into disposal wells.

Several larger quakes have occurred previously near the Cushing storage hub, which is the delivery hub for U.S. crude oil futures and houses some 57.6 MMbbl of oil. It is sometimes referred to as the "Pipeline Crossroads of the World."

In November 2016, a magnitude 5.0 earthquake impacted residents and businesses about two mi (3.2 km) west of Cushing.

Source: www.worldoil.com

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