Yes, oil in water is bad. But there's no scale - how does this 100, 300, or 700 barrels per day compare to natural seeps?
"In the Gulf of Mexico, there are more than 600 natural oil seeps that leak between one and five million barrels of oil per year, equivalent to roughly 80,000 to 200,000 tonnes." (https://en.wikipedia.org/wiki/Petroleum_seep with reference)
I think we really need to figure out where all this oil goes.
For another yardstick, deepwater horizon was estimated at 210 million barrels https://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill.
Even if it is 1000 barrels per day, Taylor has a while to go (575 years...)