In September 2004, during Hurricane Ivan, an unprecedented undersea seafloor slope failure occurred in the Gulf of Mexico that toppled Taylor Energy’s MC-20 oil platform and swept it 500 feet downslope of its original location. Since the moment the storm passed, Taylor Energy has met all of its obligations and has been dedicated to an effective response. This includes working cooperatively with the Coast Guard, as well as other federal agencies, through a Unified Command structure that was established to direct the response effort. This includes investing roughly $480 million for plugging wells, placing containment domes, monitoring a residual oil sheen and commissioning environmental studies.