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DOE Taps Meagher To Sell Historic Teapot Dome Oil Field

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April 23, 2014

Meagher Energy Advisors Inc.has been retained by the Department of Energy (DOE) to sell the Teapot Dome Oil Field, also known as the Naval Petroleum Reserve No. 3 (NPR-3).

While the name is linked to a scandal more than 90 years old, its interest to potential buyers will likely to be the substantial quantities of oil it holds.

NPR-3 is a federally owned oil and gas field of 9,481 acres located 35 miles north of Casper, Wyo. created by presidential order in 1915. The historic field has produced 28.5 million ...

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