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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 Monday, September 26, 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
  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%
  9/21/2005
1,097,357
70.2%
4,713
45.3%
  9/20/2005
877,275
56.2%
3,482
33.5%
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 9/26/2005 9/23/2005 change Week Ago
9/19/2005
Year Ago
9/27/2004
  WTI Crude Oil ($/Bbl)
65.82
64.19
+1.63
67.39
49.64
  Gasoline (c/gal)
212.92
208.56
+4.36
204.27
134.63
  Heating Oil (c/gal)
205.86
194.90
+10.96
203.84
136.80
  Natural Gas ($/MMBtu)
12.44
12.32
+0.12
12.66
5.26


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, 13 remain shut while 3 refineries (Citgo in Lake Charles, Lyondell Citgo in Houston, and ConocoPhillips in Sweeney) have reported that they have already begun to restart. Three other refineries in the Houston area are expecting to restart soon, while other refineries have reported minimal damage and may also not be too far away from restarting. The refineries in the Port Arthur area, where the hurricane struck most directly, may take longer to restart. In addition to the 4 refineries that remain shut down following Hurricane Katrina, the total amount of refinery capacity shut down amounts to about 4 million barrels per day, once the refineries that are restarting are fully back on line, which may take a couple of days. This accounts for less than 2 million barrels per day of gasoline, about 1 million barrels per day of distillate fuel, and about 0.5 million barrels per day of jet fuel that is not be produced as long as these remaining refineries remain shut down.

Natural Gas
Over a dozen gas processing plants have confirmed that they are off-line owing either to flooding, lack of supplies, an inability to move stored liquids, or safety precautions. The processing plants known to be not operating have a combined capacity of more than 10 billion cubic feet per day (Bcf/d), but this number does not reflect actual flows before Hurricane Katrina and Hurricane Rita. Duke Energy Field Services (DEFS) noted that refineries and fractionators along the Gulf Coast affected by the hurricane are discontinuing their operations, resulting in a lack of natural gas liquids take-away capacity. Thus, some natural gas gathering and processing facilities in west and central Texas, and southeast New Mexico are being shut-in.

Preliminary visual assessment of Trunkline LNG, in Lake Charles, La., indicates the facility's infrastructure appears to be intact. The terminal will remain shut down, however, pending further inspection. Trunkline LNG first suspended ship unloading and send-out at the LNG terminal on September 22.

 

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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