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EIA Report on Hurricane Impacts on U.S. Energy           


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


Note to readers: We will be updating our Hurricane report twice a week, on Tuesdays and Thursdays, instead of daily.

As of Thursday, November 3, 3:00 pm

Shut-in Status
Date
Shut-in Oil
(bbl/d)
% of Total
Federal GOM
Shut-in Gas
(mmcf/d)
% of Total
Federal GOM
 11/3/2005
790,610
50.2%
4,727
46.8%
 11/2/2005
957,978
60.8%
5,043
49.9%
 11/1/2005
1,000,092
63.5%
5,269
52.2%
 10/31/2005
1,015,859
64.5%
5,427
53.7%
 10/28/2005
1,017,551
64.6%
5,504
54.5%
 10/27/2005
1,022,313
64.9%
5,559
55.0%
 10/26/2005
1,022,515
64.9%
5,563
55.1%
 10/25/2005
1,033,621
65.6%
5,582
55.3%
 10/24/2005
1,018,478
64.6%
5,472
54.2%
 10/21/2005
986,805
62.6%
5,337
52.8%
 10/20/2005
967,734
61.4%
5,196
51.4%
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 11/3/2005 10/2/2005
change
Week Ago
10/27/2005
Year Ago
11/3/2004
  WTI Crude Oil ($/Bbl)
61.78
59.75
+2.03
61.09
50.88
  Gasoline (c/gal)
162.68
156.91
+5.77
159.26
132.77
  Heating Oil (c/gal)
183.36
178.29
+5.07
185.39
142.38
  Natural Gas ($/MMBtu)
11.69
11.60
-0.09
13.83
8.75


Petroleum
According to EIA's Weekly Petroleum Status Report for the week ending October 28, 2005 (released November 2), U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.7 million barrels from the previous week. At 319.1 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year. Total motor gasoline inventories rose by 1.0 million barrels last week, putting them in the lower half of the average range. Distillate fuel inventories inched lower by 0.2 million barrels last week, and remain just above the lower end of the average range for this time of year. A decline in high-sulfur (heating oil) distillate fuel more than compensated for an increase in low-sulfur (diesel fuel) distillate fuel. Total commercial petroleum inventories increased by 1.6 million barrels last week, and remain in the upper half of the average range for this time of year.

Refinery shutdowns in the Gulf of Mexico region total 804,000 barrels per day (bbl/d) as of November 2, 2005. 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, October 28 (released today), working gas in storage increased to 3,168 Bcf, which is 2.6 percent above the 5-year average inventory level. The implied net injection of 29 Bcf was 15 percent less than the 5-year average of 34 Bcf and 29 percent less than last year's injection of 41 Bcf. During the report week, cooler-than-normal temperatures in the New England, Middle Atlantic, and East North Central Census regions contributed to some temperature-driven swing demand, which may have reduced injections into working gas storage. Since Wednesday, October 26, natural gas spot prices decreased at virtually all market locations in the Lower 48 States, with decreases exceeding $4 per MMBtu, or about 26 to 42 percent, at most markets.

Hurricanes Katrina and Rita damaged a number of natural gas processing facilities on the Gulf Coast. The loss has and will continue to delay recovery of natural gas production in the area. Even if platforms and pipelines are either unaffected or readily restored to service, the gas often can't flow to market without treatment. In 2003 (the latest year with complete data), almost three-fourths of total U.S. marketed gas production was processed prior to delivery to market. A number of processing plants in Louisiana and Texas, with capacities equal to or greater than 100 million cubic feet per day, are not active. These plants have an aggregate capacity of 7.93 billion cubic feet per day (Bcf/d), and they had a total pre-hurricane flow volume of 4.60 Bcf/d. A number of non-operating plants with a total capacity of 1.17 Bcf/d are operational, but are not active owing to upstream or downstream infrastructure problems or supplies being unavailable. These plants had flowed 0.41 Bcf/d before the hurricanes. A number of the inactive plants are expected to be operating by the end of November. Based on current information, the incremental available capacity as of November 30 will be 2.88 Bcf/d with pre-hurricane flow of 1.38 Bcf/d. Based on updated company information, pre-hurricane flow volumes indicate that the average utilization of the (currently) non-operating plants was roughly 58 percent.

As of November 3, the Louisiana Office of Conservation has received reports indicating 1,105.8 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 49.5 percent of total production before the hurricanes. Overall, 2,703 oil and gas wells, or 46 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 15.3 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.

 

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 (5/05)
1.576
5.494
28.7%
  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 (5/05)
10.1
50.58
20.0%

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, November 8, 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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