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Oil and gas firm Williams Companies Inc. says that a broken pressure gauge on a valve, part of a pipeline carrying natural gas liquids, is the cause of a leak near Parachute in western Colorado.
Williams (NYSE: WMB) based in Tulsa, Okla., said on Wednesday that the leak on the 4-inch pipeline that carries natural gas liquids (NGLs) from one of the company’s natural gas processing plants, started on Dec. 20, 2012 and was stopped on Jan. 3, 2013.
The pipeline belongs to subsidiary Williams Partners,…