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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 Friday, October 14, 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
 10/14/2005
1,008,909
64.0%
5,647
55.9%
 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%
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 10/14/2005 10/13/2005
change
Week Ago
10/7/2005
Year Ago
10/14/2004
  WTI Crude Oil ($/Bbl)
62.63
63.08
-0.45
61.84
54.76
  Gasoline (c/gal)
174.86
175.79
-0.93
182.92
141.96
  Heating Oil (c/gal)
195.00
199.69
-4.69
196.01
154.91
  Natural Gas ($/MMBtu)
13.22
13.10
+0.12
13.23
6.80


Refinery shutdowns in the Gulf of Mexico region total approximately 1.6 million bbl/d as of October 13, 2005. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

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 14, the Office has received reports indicating 756.6 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 33.85 percent of total production before the hurricanes. Overall, 2,840 oil and gas wells, or 47.74 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 26.88 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.

 

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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