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Halliburton Misplaces Radioactive Tool in Texas

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Energy giant Halliburton (NYSE: HAL  ) has misplaced a radioactive rod somewhere in Texas, and is teaming up with authorities to hunt down the missing tool, Bloomberg reported on Friday.

The device, which first went missing on Tuesday, was probably lost somewhere along the 130-mile route between Pecos and Odessa.

The FBI has said they do not believe there's reason to suspect any criminal activity, and has cleared Halliburton of any wrongdoing already.

The particular tool that’s unaccounted for is used in hydraulic fracturing; it’s not supposed to be extremely dangerous, unless held for a few days, but it’s reportedly best for people to stand back from it by at least 20 feet.

The device is a metallic cylinder about eight inches long. Local and federal authorities, as well as Halliburton, are eager to recover it as quickly as possible. No radioactive rod like this has been reported missing to the Nuclear Regulatory Commission in at least five years. 

Officials are now in their fourth day of searching for the tool.

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Fool contributor John Divine owns no shares in any of the companies mentioned in this article. You can follow him on Twitter @divinebizkid and on Motley Fool CAPS @TMFDivine.

Motley Fool newsletter services have recommended buying shares of Halliburton. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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10/26/2016 4:00 PM
HAL $47.62 Down -0.15 -0.31%
Halliburton CAPS Rating: ****