The company, which had focused on oil drilling in the Bakken Shale in North Dakota, had 19 employees in the first quarter, according to regulatory filings. Court papers said the firm had $211.9 million in assets and $215.2 million in debt.
Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane and other volatile gases to be stripped out of crude before it can be transported. That conditioning process lowers the vapor pressure of the oil to reduce the chance of an ignition during a crash.
No injuries were reported in the accident, which happened near Heimdal, about 115 miles northeast of Bismarck. The residents who left were staying with family and friends, Wells County Emergency Manager Tammy Roehrich said.
Federal investigators said in the documents that a broken train axle found after the derailment might have been prevented if BNSF railroad had inspected it more carefully and found a pre-existing flaw.
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