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As of Tuesday, November 15, 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 |
| 11/15/2005 |
725,423
|
46.0%
|
3,715
|
36.8%
|
| 11/14/2005 |
727,054
|
46.1%
|
3,742
|
37.0%
|
| 11/10/2005 |
736,279
|
46.7%
|
4,016
|
39.8%
|
| 11/9/2005 |
737,136
|
46.8%
|
4,033
|
39.9%
|
| 11/8/2005 |
738,617
|
44.9%
|
4,123
|
40.8%
|
| 11/7/2005 |
773,097
|
49.0%
|
4,451
|
44.0%
|
| 11/4/2005 |
780,633
|
49.5%
|
4,569
|
45.2%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
11/15/2005 |
11/14/2005 |
change
|
Week Ago
11/8/2005 |
Year
Ago
11/15/2004 |
| WTI Crude
Oil ($/Bbl) |
56.98
|
57.69
|
-0.71
|
59.71
|
46.87
|
| Gasoline
(c/gal) |
145.64
|
149.61
|
-3.97
|
156.23
|
123.79
|
| Heating Oil
(c/gal) |
168.09
|
173.04
|
-4.95
|
177.85
|
134.31
|
| Natural Gas
($/MMBtu) |
11.56
|
11.61
|
-0.05
|
11.79
|
7.44
|
Petroleum
On November 14, EIA released the weekly Gasoline
and Diesel Fuel Update. The average weekly retail gasoline
price decreased to 229.6 cents per gallon (down 8 cents from
the previous week). The average national weekly diesel fuel
price decreased 9.6 cents to 260.2 cents per gallon.
Refinery shutdowns in the Gulf of Mexico region total 804,000
barrels per day as of November 14, 2005. Please consult the
Office of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
Natural Gas
The Louisiana
Office of Conservation is addressing the operating status
of producing wells in a thirty-eight (38) parish region for
information. As of November 15, the Office has received reports
indicating 1,228.7 million cubic feet per day (MMcf/d) of onshore
and offshore (in State waters only) natural gas production has
been restored, which is 55 percent of total production before
the hurricanes. Overall, 2,630 oil and gas wells, or 44.2 percent
of the wells in the region, reportedly remain shut-in. However,
the Office has not received information on approximately 12.1
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.
Hurricanes Katrina and Rita damaged a number of natural gas
processing facilities on the Gulf Coast resulting in a number
of shut-ins or reduced operating level. The loss can affect
recovery of natural gas production in the area. Even if platforms
and pipelines are either unaffected or readily restored to service,
the gas may not be able to flow to market without treatment.
However, bypassing inoperable plants and redirecting flow to
operational plants has mitigated the impact of the shut-ins.
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 6.45 billion cubic feet per day (Bcf/d), and they
had a total pre-hurricane flow volume of 3.81 Bcf/d. A number
of non-operating plants with a total capacity of 0.90 Bcf/d
are operational, but are not active owing to upstream or downstream
infrastructure problems or supplies being unavailable. These
plants had flowed 0.28 Bcf/d before the hurricanes. A number
of the inactive plants are expected to be operating within 2
weeks. Based on updated data, the incremental available capacity
at that time would be 2.30 Bcf/d with pre-hurricane flow of
1.06 Bcf/d. Based on updated company information, pre-hurricane
flow volumes indicate that the average utilization of the non-operating
plants was roughly 59 percent.
Enterprise Products Partners announced yesterday (November 14)
that the company is planning on completing the repairs to its
hurricane-damaged Toca natural gas processing plant in Chalmette,
Louisiana by the end of the week and to have the entire facility
back in operation by next week. The Toca facility, which includes
two processing trains, was shut down following Hurricanes Katrina
and Rita. The older Toca 1 processing train, which has processing
capacity of 280 MMcf per day, was restored to operation on Oct.
23. Enterprise expects to have the Toca 2 processing train back
in operation next week. The total capacity of the Toca plant
is 1.1 Bcf per day. Pipelines served by the plant include Southern
Natural Gas, Viosca Knoll Gathering System and Mississippi Canyon
Gas Pipeline. The Toca plant removes natural gas liquids from
gas produced offshore Louisiana in order to meet pipeline specifications.
Southern Natural gas also announced Monday, November 14, that
it has completed sufficient repairs to its facilities upstream
of the Toca processing plant to accept nominations at 31 upstream
receipt points. Prior to Hurricane Katrina, scheduled supply
at these 31 points was about 340 MMcf per day, compared to a
total of 200 MMcf per day of scheduled supply at these points
on Monday, November 14.
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