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


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Prices

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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.