|
As of Monday, October 17, 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 |
| 10/17/2005 |
996,291
|
63.2%
|
5,498
|
54.4%
|
| 10/14/2005 |
1,008,909
|
64.0%
|
5,647
|
55.9%
|
| 10/13/2005 |
1,031,261
|
65.4%
|
5,700
|
56.4%
|
| 10/12/2005 |
1,046,462
|
66.4%
|
5,919
|
58.6%
|
| 10/11/2005 |
1,062,530
|
67.4%
|
6,042
|
59.8%
|
| 10/7/2005 |
1,162,913
|
73.8%
|
6,441
|
63.8%
|
| 10/6/2005 |
1,202,364
|
76.3%
|
6,628
|
65.6%
|
| 10/5/2005 |
1,299,928
|
82.5%
|
6,895
|
68.3%
|
| 10/4/2005 |
1,349,617
|
85.6%
|
7,170
|
71.0%
|
| 10/3/2005 |
1,391,926
|
88.3%
|
7,495
|
74.2%
|
| 9/30/2005 |
1,467,577
|
93.1%
|
7,941
|
78.6%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/17/2005 |
10/14/2005 |
change
|
Week Ago
10/10/2005 |
Year
Ago
10/18/2004 |
| WTI Crude
Oil ($/Bbl) |
64.36
|
62.63
|
+1.73
|
61.80
|
53.67
|
| Gasoline
(c/gal) |
181.53
|
174.86
|
+6.67
|
180.06
|
135.04
|
| Heating Oil
(c/gal) |
198.33
|
195.00
|
+3.33
|
197.18
|
150.97
|
| Natural Gas
($/MMBtu) |
13.89
|
13.22
|
+0.67
|
12.98
|
6.81
|
Refinery shutdowns in the Gulf of Mexico region total approximately
1.6 million bbl/d as of October 17, 2005. Please consult the
Office of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
In an attempt to assess the effects of Hurricanes Katrina and
Rita on oil and gas production, the Louisiana
Office of Conservation is addressing the operating status
of producing wells in a thirty-eight (38) parish region for
information. As of October 17, the Office has received reports
indicating 756.6 million cubic feet per day (MMcf/d) of onshore
and offshore (in State waters only) natural gas production has
been restored, which is 33.85 percent of total production before
the hurricanes. Overall, 2,840 oil and gas wells, or 47.74 percent
of the wells in the region, reportedly remain shut-in. However,
the Office has not received information on approximately 26.88
percent of the oil and gas wells in the region. The daily gas
production capacity of the 38 parish region is estimated to
be approximately 2,235 MMcf/d, based on the average production
reported to the Office for the period January 2005 to May 2005.
A unit of Williams announced that it is holding an expedited
open season for up to 250 MMcf/d of transportation service on
the Discovery pipeline system to provide an outlet for gas that
is currently shut-in owing to damage to third-party facilities
during Hurricane Katrina. Discovery pipeline has received approval
from the Federal Energy Regulatory Commission to construct a
new receipt point at Texas Eastern Transmission's Larose compressor
station in Lafourche Parish, La. The proposed in-service date
is scheduled for mid-November.
Sixteen processing plants in Louisiana and Texas, with capacities
equal to or greater than 100 million cubic feet per day, are
not active as of October 17. These plants have an aggregate
capacity of 9.71 billion cubic feet per day (Bcf/d), and they
had a total pre-hurricane flow volume of 5.45 Bcf/d. A number
of non-operating plants with a total capacity of 1.35 Bcf/d
are operational, but are not active owing to upstream or downstream
infrastructure problems or supplies being unavailable. These
plants had flowed 0.54 Bcf/d before the hurricanes. A number
of the inactive plants are expected to be operating within 4
weeks. Based on updated data, these plants have capacity of
3.08 Bcf/d and pre-hurricane flow of 1.50 Bcf/d. Based on updated
company information, pre-hurricane flow volumes indicate that
the average utilization of the non-operating plants was roughly
56 percent.
|