Teapot Dome in Wyoming could be sold - March 10, 2013

Providing coverage of Alaska and northern Canada's oil and gas industryMarch 2013

Vol. 18, No. 10

Week of March 10, 2013

Teapot Dome in Wyoming could be sold

A Wyoming petroleum reserve that was the focus of the 1920s Teapot Dome scandal could be taken over by a private company.

The Casper Star-Tribune (http://bit.ly/Y8J5a0 ) reported March 4 that officials at the federally owned Naval Petroleum Reserve No. 3 near Midwest as well as the Department of Energy’s Rocky Mountain Oilfield Testing Center have been told to prepare the sites for disposal.

The testing center’s director, Clark Turner, said he doesn’t expect the government to keep the oil field. He said it’s “safe to say” leasing and selling the field will be options.

A member of President Warren G. Harding’s cabinet ended up in prison for bribery after leasing the field’s reserves to private companies at low rates without any bidding in 1922.

The Department of Energy has controlled the field since 1977.

—Associated Press

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