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BREAKING- Hercules Offshore 4 Percent Lower on News of Offshore Blowout

UPDATE: The well is leaking natural gas–not oil.

UPDATE: BSEE inspectors conducting an overflight reported a light sheen one-half mile by 50 feet in area which is dissipating almost immediately.

Shares of Hercules Offshore Oil (NASDAQ: HERO) are down nearly 4 percent on news that Platform #265 experienced a blowout. 44 people were evacuated.

The U.S. Coast Guard confirmed that it is responding to an oil platform blowout 40 miles south of Timbalier Bay off the coast of Louisiana.

We will update this story as more news becomes available.

[stock-tools exchange="NASDAQ" symbol="HERO" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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