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Shell Abandons Offshore Oil Drilling Effort after Lackluster Results

As the Washington Examiner [1] noted:

A little more than a month after getting permission from President Obama, Shell announced Monday it will cease drilling in the Arctic after disappointing results.

In a statement released Monday morning, the company announced drilling to 6,800 feet in the Burger J well, about 150 miles from Barrow, Alaska, didn’t find enough oil to warrant further drilling. The well will be sealed and abandoned.