As of Friday, October 7, 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
10/7/2005	1,162,913	73.8%	6,441	63.8%
10/6/2005	1,202,364	76.3%	6,628	65.6%
10/5/2005	1,299,928	82.5%	6,895	68.3%
10/4/2005	1,349,617	85.6%	7,170	71.0%
10/3/2005	1,391,926	88.3%	7,495	74.2%
9/30/2005	1,467,577	93.1%	7,941	78.6%
9/29/2005	1,478,780	93.8%	7,980	79.0%
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%

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, 5 are completely shutdown. In sum, there are 3 refineries still shut down in the New Orleans area following Hurricane Katrina, 4 shut down in the Port Arthur and Lake Charles areas, and 1 shut down in the Houston/Texas City/Galveston refining area, amounting to a total of about 2.1 million barrels per day of refining capacity that is currently offline. This accounts for about 900,000 barrels per day of gasoline, about 500,000 barrels per day of distillate fuel, and about 200,000 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.

Natural Gas
For the first time since Hurricane Rita made landfall, a spot price quote at the Henry Hub was available today (October 7) from the Intercontinental Exchange, an online trading platform. The Henry Hub spot price was $13.68 per MMBtu, while prices at other points in the Gulf region averaged $12.95. The overall average price for the Lower 48 was $12.19 per MMBtu, 78 cents lower than on October 6. Sabine Pipeline, operator of the Henry Hub, has now lifted its force majeure for gas flows at 12 pipeline interconnects at the hub, but still notes it will continue its force majeure for all remaining points until further notice. There are 14 pipelines with interconnections at the Henry Hub. As a result of these changes at the Henry Hub, the New York Mercantile Exchange (NYMEX), where futures contracts are traded for delivery to the Henry Hub, has 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.

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 7, the Office said it has received reports indicating 535.7 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, while 42.9 percent of the wells reportedly remain shut-in. However, the Office has not received information on approximately 38.5 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.

There are 20 natural gas processing plants, with capacities equal to or greater than 100 million cubic feet per day, in Texas, Louisiana, and Mississippi that are not active. A number of non-operating plants with a total capacity of 4.76 billion cubic feet per day (Bcf/d) are operational, but are not active owing to upstream or downstream infrastructure or supplies being unavailable. These plants had flowed 2.29 Bcf/d before the hurricanes. A number of the inactive plants are expected to be operating within 4 weeks. Based on updated data, these plants have capacity of 2.87 Bcf/d and pre-hurricane flow of 1.62 Bcf/d. Based on updated company information, pre-hurricane flow volumes indicate that the average utilization of the non-operating plants was roughly 56 percent. Based on updated data on estimated pre-hurricane flow volumes, the non-operating processing plants represent about 7.30 Bcf/d.