As of Wednesday, October 5, 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
10/5/2005	1,299,928	83.2%	6,895	66.3%
10/4/2005	1,349,617	86.4%	7,170	68.9%
10/3/2005	1,391,926	89.1%	7,495	72.1%
9/30/2005	1,467,577	94.0%	7,941	76.4%
9/29/2005	1,478,780	94.7%	7,980	76.7%
9/28/2005	1,511,715	96.8%	8,072	77.2%
9/27/2005	1,512,937	96.9%	7,857	75.5%
9/26/2005	1,527,630	97.8%	7,843	75.4%
9/24/2005	1,500,898	96.1%	7,488	72.0%

source: Minerals Management Service


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Petroleum
As Hurricane Rita approached, 16 refineries along the Gulf Coast shut down as a precautionary measure and to allow employees to evacuate, and as today, 9 are completely shutdown. In sum, there are 4 refineries still shut down in the New Orleans area following Hurricane Katrina, 7 shut down in the Port Arthur and Lake Charles areas, and 2 shut down in the Houston/Texas City/Galveston refining area, amounting to a total of over 3.1 million barrels per day of refining capacity that is currently offline. This accounts for nearly 1.4 million barrels per day of gasoline, about 750,000 barrels per day of distillate fuel, and nearly 400,000 barrels per day of jet fuel that is not being produced as long as these refineries remain shutdown. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

According to EIA's Weekly Petroleum Status Report for the week ending September 30 (released October 5), U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) inched lower by 0.3 million barrels from the previous week. At 305.4 million barrels, U.S. crude oil inventories remain above the upper end of the average range for this time of year. Total motor gasoline inventories dropped by 4.3 million barrels last week, putting them just above the lower end of the average range. Distillate fuel inventories fell by 5.6 million barrels last week, and are just above the middle of the average range for this time of year. A sharp drop in low-sulfur (diesel fuel) distillate fuel more than compensated for a slight rise in high-sulfur (heating oil) distillate fuel. Total commercial petroleum inventories plummeted by 9.9 million barrels last week, but are in the upper half of the average range for this time of year.

Natural Gas
In an attempt to assess the effects of Hurricanes Katrina and Rita on oil and gas production, the Louisiana Office of Conservation is addressing the operating status of producing wells in a thirty-eight (38) parish region for information. On October 5, the Office said it has received reports indicating 410.2 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, while 34.2 percent of the wells reportedly remain shut-in. However, the Office has not received information on approximately 52.6 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.

Sabine Pipeline, operator of the Henry Hub, lifted its force majeure for gas flows at three pipeline interconnects at the hub, but noted it will continue its force majeure for all remaining points until further notice. There are 14 pipelines with interconnections at the Henry Hub. The pipeline interconnections that are now operational are between Sabine Pipeline and Columbia Gulf, Gulf South, and Natural Gas Pipeline of America. As a result of these changes at the Hub, the New York Mercantile Exchange (NYMEX), where futures contracts are traded for delivery to the Henry Hub, lifted the force majeure condition for both September and October 2005 natural gas futures contract delivery obligations, effective for gas day October 5. NYMEX said that all participants who have outstanding obligations for these delivery months should commence nomination procedures in conformance with prescribed practices. NYMEX is also giving traders the ability to mutually agree to execute an alternative delivery procedure.

Trunkline LNG, located in Lake Charles, Louisiana, has announced it is capable of discharging liquefied natural gas (LNG) vessels at its terminal. Additionally, the Calcasieu Ship Channel and Industrial Canal have been cleared for LNG vessel transit as of October 3, 2005.