DOE Announced Sale of Teapot Dome

On January 30, 2015 the U. S. Department of Energy announced the sale of the historic Teapot Dome Oilfield. Teapot Dome, the Naval Petroleum Reserve #3, located 35 miles north of Casper, WY consisting of 9,481 acres was sold to Stranded Oil Resources Corporation, a subsidiary of Alleghany Capital Corporation for $45 million. Teapot Dome was set aside in 1915 and since 1977 used by DOE for oil research and field tests.