20 November 1980: The Lake Peigneur disaster

On this day 34 years ago, blundering oilmen turned a ten-foot deep freshwater lake in Louisiana into a saltwater lake over a thousand feet deep.

How do you turn a ten-foot deep freshwater lake into a saltwater one over a thousand feet deep? The residents of Lake Peigneur in Louisiana found out on 20 November 1980.

That day, oil giant Texaco had been drilling in the lake, when it pierced the bottom. Directly below the water was a salt mine operated by The Diamond Crystal Salt Company, which yielded around 100,000 tons of salt a year.

Just as what happens when you pull the plug in your bath – but on a far larger scale – the water gushed into the hole and created a giant whirlpool. The drilling platform was the first to go, followed by several barges loaded with rock salt.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Many locals made a living from a shrimp industry on the lake – their boats disappeared down the hole as well. As did Live Oak Gardens, a plant nursery and tourist attraction. Around $1m-worth of plants and trees were lost to the maelstrom.

A listed house that belonged to 19th century actor Joseph Jefferson was left clinging to the edge of the crater three-quarters-of-a-mile-wide. It continued to widen as the salt dissolved.

The lake had until then emptied into the Gulf of Mexico via the Delcambre Canal. But so much water poured into the salt mine that day that the canal began to flow the other way, dragging salt water from the gulf into the lake, and turning the water saline.

Miraculously, nobody was killed. However, hundreds of jobs were lost as the salt mining and shrimping industries disappeared and the ecosystem was permanently changed.

Today, natural gas is stored in caverns around the lake. In September 2014, a local pressure group, Save Lake Peigneur, was successful in overturning a decision to expand the gas storage facilities. There have been signs, they say, of bubbling in the water.

Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.