Interior Department Announced To Plug Oil Well; HERO Gains

Shares of Hercules Offshore Inc HERO rose after the US Department of Interior announced that oil and gas companies having their operations in the Gulf of Mexico must close 3,500 oil wells that have been unused for at least five years. This will be brought into action with effect from October 15. HERO's shares gained 0.41% to $2.46 at 9:47 am. Shares of Hercules Offshore have gained 3.38% over last month and have lost 48.74% so far this year. Read more from Benzinga's Company news.