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As of Wednesday, October 12, 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 |
| 10/12/2005 |
1,046,462
|
66.4%
|
5,919
|
58.6%
|
| 10/11/2005 |
1,062,530
|
67.4%
|
6,042
|
59.8%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/12/2005 |
10/11/2005 |
change
|
Week Ago
10/5/2005 |
Year Ago
10/12/2004 |
| WTI Crude
Oil ($/Bbl) |
64.12
|
63.53
|
+0.59
|
62.79
|
52.51
|
| Gasoline
(c/gal) |
182.76
|
183.32
|
-0.56
|
190.78
|
138.03
|
| Heating Oil
(c/gal) |
201.57
|
201.79
|
-0.22
|
201.48
|
145.45
|
| Natural Gas
($/MMBtu) |
13.52
|
13.52
|
+0.00
|
14.18
|
6.64
|
On October 12, EIA released the October Short-Term
Energy Outlook (includes the Winter Fuels Outlook).
This winter, residential space-heating expenditures are projected
to increase for all fuel types compared to year-ago levels.
On average, households heating primarily with natural gas can
expect to spend about $350 (48 percent) more this winter on
fuel. Households heating primarily with heating oil can expect
to pay, on average, $378 (32 percent) more this winter. Households
heating primarily with propane can expect to pay, on average,
$325 (30 percent) more this winter. Households heating primarily
with electricity can expect, on average, to pay $38 (5 percent)
more. These averages provide a broad guide to changes from last
winter, but fuel expenditures for individual households are
highly dependent on local weather conditions, the size and efficiency
of individual homes and their heating equipment, and thermostat
settings. Prices for petroleum and natural gas will remain high
due to tight international supplies of crude and hurricane-induced
supply losses.
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, 4 are completely shutdown. In sum,
there are 3 refineries still shut down in the New Orleans area
following Hurricane Katrina, 3 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
1.9 million barrels per day of refining capacity that is currently
offline. This accounts for about 800,000 barrels per day of
gasoline, nearly 500,000 barrels per day of distillate fuel,
and nearly 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
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. As of October 12, the Office has received reports
indicating 686.8 million cubic feet per day (MMcf/d) of onshore
and offshore (in State waters only) natural gas production has
been restored, which is 21.2 percent of total production. Overall,
2,756 oil and gas wells, or 46.3 percent of the wells in the
region, reportedly remain shut-in. However, the Office has not
received information on approximately 32.6 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.
Fifteen natural gas processing plants in Louisiana, with capacities
equal to or greater than 100 million cubic feet per day, are
not active. These plants have an aggregate capacity of 9.51
billion cubic feet per day (Bcf/d), and they had a total pre-hurricane
flow volume of 5.33 Bcf/d. A number of non-operating plants
with a total capacity of 1.85 Bcf/d are operational, but are
not active owing to upstream or downstream infrastructure problems
or supplies being unavailable. These plants had flowed 0.7 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 2.12 Bcf/d and pre-hurricane flow of
1.10 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.
A unit of Williams announced that it is holding an expedited
open season for up to 250 MMcf/d of transportation service on
the Discovery pipeline system to provide an outlet for gas that
is currently shut-in owing to damage to third-party facilities
during Hurricane Katrina. Discovery pipeline has received approval
from the Federal Energy Regulatory Commission to construct a
new receipt point at Texas Eastern Transmission's Larose compressor
station in Lafourche Parish, La. The proposed in-service date
is scheduled for mid-November.
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