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Daily Report on Hurricane Impacts on U.S. Energy           


Hurricane Impacts on the U.S. Oil and Natural Gas Markets


As of Thursday, September 29, 4:00 pm

Shut-in Status
Date
Shut-in Oil
(bbl/d)
% of Total
Federal GOM
Shut-in Gas
(mmcf/d)
% of Total
Federal GOM
  9/29/2005
1,478,780
94.7%
7,980
76.7%
  9/28/2005
1,511,715
96.8%
8,072
77.2%
  9/27/2005
1,512,937
96.9%
7,857
75.5%
  9/26/2005
1,527,630
97.8%
7,843
75.4%
  9/25/2005
1,501,863
96.2%
8,047
77.4%
  9/24/2005
1,500,898
96.1%
7,488
72.0%
  9/23/2005
1,486,877
95.2%
7,204
69.3%
  9/22/2005
1,379,000
88.3%
6,595
63.4%
source: Minerals Management Service

graph of shut-in oil & natural gas production comparison of hurricanes Katrina & Ivan
figure data

Prices
graph of oil and gas prices
figure data

graph of nymex futures for gasoline & deisel
figure data

NYMEX Futures Prices 9/29/2005 9/28/2005 change Week Ago
9/22/2005
Year Ago
9/29/2004
  WTI Crude Oil ($/Bbl)
66.79
66.35
+0.44
66.50
49.51
  Gasoline (c/gal)
225.16
235.93
-8.77
213.94
133.60
  Heating Oil (c/gal)
212.47
214.11
-1.64
204.58
137.38
  Natural Gas ($/MMBtu)
14.20
13.91
+0.29
12.79
6.91


Petroleum
As Hurricane Rita approached, 16 refineries along the Gulf Coast shut down as a precautionary measure and to allow employees to evacuate. As of today, 8 remain completely shutdown and 8 have restarted. In sum, there are 4 refineries still shut down in the New Orleans area following Hurricane Katrina, 7 shut down in the Port Arthur and Lake Charles areas, and 1 shut down or attempting to restart in the Houston/Texas City/Galveston refining area, amounting to a total of over 3.0 million barrels per day of refining capacity that is currently offline. This accounts for over 1.3 million barrels per day of gasoline, over 700,000 barrels per day of distillate fuel, and nearly 400,000 barrels per day of jet fuel that is not being produced as long as these refineries remain shutdown. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

Natural Gas
According to EIA's Weekly Natural Gas Storage Report for the week ending Friday, September 23 (released today), working gas in storage increased to 2,885 Bcf, which is 2.4 percent above the 5-year average inventory level. The implied net injection during the report week was 53 Bcf, which is about 32 percent below the 5-year average net addition of 78 Bcf for the week and 23 percent less than the injection of 69 Bcf reported for the same week last year.

In an attempt to assess the effects of Hurricanes Katrina and Rita on oil and gas production, the Louisiana Office of Conservation is in the process of contacting 396 operators with producing wells in a thirty-eight (38) parish region for information regarding the status of their production operations. On September 29, the office estimated that restored onshore and offshore (in State waters only) gas production is 92.6 million cubic feet per day (MMcf/d). This restored gas production is equivalent to 4.1 percent of the daily gas production capacity of the thirty-eight (38) parish region, which is currently approximately 2,235 MMcf/d.

Southern Union Company conducted a preliminary assessment of its interstate natural gas transmission systems located in the Gulf Coast area and identified minimal damage from Hurricane Rita (see September 28 Report).

Sabine Pipeline, operator of the Henry Hub, is continuing its Force Majeure until further notice (See September 28 Report).

 

Map of Hurricane Katrina's Path showing oil rigs & refineries.                                           Click to see larger version.
                                                map courtesy of iMapData Inc.

Gulf of Mexico Oil & Natural Gas Facts
Energy Information Administration
Data as of June 2005 unless otherwise noted.

Gulf of Mexico
Total U.S.
% from
Gulf of Mexico
Oil (million barrels per day)
  Federal Offshore Crude Oil Production (4/05)
1.562
5.488
28.5%
  Total Gulf Coast Region Refinery Capacity (as of 1/1/05) 
8.068
17.006
47.4%
  Total Gulf Coast Region Crude Oil Imports
6.490
10.753
60.4%
    - of which into ports in LA, MS and AL
2.524
10.753
23.5%
    - of which into LOOP
0.906
10.753
8.5%
Natural Gas (billion cubic feet per day)
  Federal Offshore Marketed Production (3/05)
10.4
54.1
19.2%

News & Recent Reports
DOE Office of Electricity Delivery & Energy Reliability hurricane situation reports
Department of Interior Minerals Management Service

Related EIA Data Releases
Weekly Petroleum Status Report Released after 10:30 a.m. (Eastern time) on Wednesdays except on holiday weeks (release delayed one day).
U.S. Gasoline and Diesel Prices Released after 5:00 p.m. (Eastern time) on Mondays except on holiday weeks (released on Tuesday).
Weekly Natural Gas Storage Report Released between 10:30 a.m. and 10:40 a.m., (Eastern time) on Thursdays.
Short Term Energy Outlook
Next release, October 12, 2005, 12:00 p.m. Noon (Eastern time).


References
Alabama Oil Profile
Alabama Natural Gas Summary
Louisiana Oil Profile
Louisiana Natural Gas Summary
Mississippi Oil Profile
Mississippi Natural Gas Summary
Texas Oil Profile
Texas Natural Gas Summary


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