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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 Thursday, October 13, 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
 10/13/2005
1,031,261
65.4%
5,700
56.4%
 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

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 10/13/2005 10/12/2005
change
Week Ago
10/6/2005
Year Ago
10/13/2004
  WTI Crude Oil ($/Bbl)
63.08
64.12
-1.04
61.36
53.64
  Gasoline (c/gal)
175.79
182.76
-6.97
184.05
140.83
  Heating Oil (c/gal)
199.69
201.57
-1.88
195.07
149.91
  Natural Gas ($/MMBtu)
13.10
13.52
+0.42
13.38
6.85


According to EIA's Weekly Natural Gas Storage Report for the week ending Friday, October 7 (released today), working gas in storage increased to 2,987 Bcf, which is 1.2 percent above the 5-year average inventory level. The implied net injection of 58 Bcf is about 10 percent below the 5-year average injection of 64 Bcf for the week and about 16 percent below last year's injection of 69 Bcf.

According to EIA's Weekly Petroleum Status Report for the week ending October 7 (released today), U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.0 million barrels from the previous week. At 306.4 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 2.7 million barrels last week, putting them below the lower end of the average range. Distillate fuel inventories fell by 3.4 million barrels last week, and are now in the lower half of the average range for this time of year. Inventories fell for both low-sulfur (diesel fuel) distillate fuel and high-sulfur (heating oil) distillate fuel. Total commercial petroleum inventories declined by 6.9 million barrels last week, but remain 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. As of October 13, the Office has received reports indicating 691.7 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 30.9 percent of total production before the hurricanes. Overall, 2,725 oil and gas wells, or 45.8 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 31.7 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.

Sixteen processing plants in Louisiana and Texas, with capacities equal to or greater than 100 million cubic feet per day, are not active. These plants have an aggregate capacity of 9.71 billion cubic feet per day (Bcf/d), and they had a total pre-hurricane flow volume of 5.45 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 2.58 Bcf/d and pre-hurricane flow of 1.34 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.

 

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 (5/05)
1.576
5.494
28.7%
  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 (5/05)
10.1
50.58
20.0%

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, November 8, 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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