Halliburton Misplaces Radioactive Tool in Texas
Energy giant Halliburton (NYS: HAL) has misplaced a radioactive rod somewhere in Texas, and is teaming up with authorities to hunt down the missing tool, Bloomberg reported on Friday.
The device, which first went missing on Tuesday, was probably lost somewhere along the 130-mile route between Pecos and Odessa.
The FBI has said they do not believe there's reason to suspect any criminal activity, and has cleared Halliburton of any wrongdoing already.
The particular tool that's unaccounted for is used in hydraulic fracturing; it's not supposed to be extremely dangerous, unless held for a few days, but it's reportedly best for people to stand back from it by at least 20 feet.
The device is a metallic cylinder about eight inches long. Local and federal authorities, as well as Halliburton, are eager to recover it as quickly as possible. No radioactive rod like this has been reported missing to the Nuclear Regulatory Commission in at least five years.
Officials are now in their fourth day of searching for the tool.
Energy can be an unpredictable industry, but some companies are far better-positioned for the future than others. To learn about one multibillion-dollar company that Motley Fool analysts believe will do well in the future, take a look at our free report, The One Energy Stock You Must Own Before 2014. The report is free, and here for only a limited time, so click here to read through it today!
The article Halliburton Misplaces Radioactive Tool in Texas originally appeared on Fool.com.Fool contributorJohn Divineowns no shares in any of the companies mentioned in this article. You can follow him on Twitter@divinebizkidand on Motley Fool CAPS@TMFDivine.Motley Fool newsletter serviceshave recommended buying shares of Halliburton. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.