Home > Daily Report
Daily Report on Hurricane Impacts on U.S. Energy           


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


As of Tuesday, September 27, 5:00 pm

Shut-in Status
Date
Shut-in Oil
(bbl/d)
% of Total
Federal GOM
Shut-in Gas
(mmcf/d)
% of Total
Federal GOM
  9/27/2005
1,512,937
96.9%
7,857
75.5%
  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%
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 9/26/2005 change Week Ago
9/20/2005
Year Ago
9/27/2004
  WTI Crude Oil ($/Bbl)
65.07
65.82
-0.75
66.23
49.64
  Gasoline (c/gal)
216.64
212.92
+3.72
197.66
134.63
  Heating Oil (c/gal)
206.86
205.86
+1.00
201.13
136.80
  Natural Gas ($/MMBtu)
12.66
12.44
+0.22
12.49
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, 8 remain completely shutdown, while 8 have restarted or are attempting to restart. All of the refineries that remain offline following Hurricane Rita are located in the Port Arthur or Lake Charles refining centers, with the exception of 1 refinery in Texas City. Of these 8 refineries, the ones that are located in the Port Arthur or Lake Charles refining centers are either expected to remain shut down for at least 2 weeks or else it is unclear when they will restart. In addition to the 4 refineries that remain shut down following Hurricane Katrina, the total amount of refinery capacity completely shut down amounts to more than 2 million barrels per day. This accounts for well more than 1 million barrels per day of gasoline, about 800,000 barrels per day of distillate fuel, and over 300,000 barrels per day of jet fuel that is not being produced as long as these refineries remain shutdown.

On September 26, EIA released the weekly Gasoline and Diesel Fuel Update. As of September 25, the average weekly retail gasoline price increased to 280.3 cents per gallon (up 1.7 cents from the previous week). Diesel fuel prices increased 6.6 cents to 279.8 cents per gallon.

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 (see September 26 Report).

Tennessee Gas Pipeline has sustained supply losses of approximately 900,000 MMBtu/d on the 800 line and 500 line, not including the 650,000 MMBtu/d that has remained shut in as a result of Hurricane Katrina. Tennessee has confirmed a leak on the 524G-100 line from Bay Marchand 5 to Leeville. During a flight over the Grand Chenier area, pipeline company officials said initial damage assessments revealed moderate damage to the Starks, La., compressor (Station 820) and the Johnson Bayou Dehydration Plant.

Sabine Pipeline, operator of the Henry Hub, is continuing its Force Majeure until further notice. As a result, the New York Mercantile Exchange (NYMEX), where futures contracts are traded for delivery to the Henry Hub, has declared a Force Majeure for deliveries under the September contract for the rest of the month. NYMEX is giving traders the ability to mutually agree to execute an alternative delivery procedure. Sabine Pipeline employees have been successful in conducting visual surveillance of accessible portions of the Sabine system. Early reports indicate wind damage in the vicinity of the Port Neches compressor station and water damage at the Henry Hub facilities, according to the company. Power remains out in most areas of the system.

 

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


Previous Versions