|
As of Wednesday, October 19, 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 |
| 10/19/2005 |
973,084
|
61.7%
|
5,242
|
51.9%
|
| 10/18/2005 |
982,011
|
62.3%
|
5,346
|
52.9%
|
| 10/17/2005 |
996,291
|
63.2%
|
5,498
|
54.4%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/19/2005 |
10/18/2005 |
change
|
Week Ago
10/12/2005 |
Year
Ago
10/19/2004 |
| WTI Crude
Oil ($/Bbl) |
62.41
|
63.20
|
-0.79
|
64.12
|
53.29
|
| Gasoline
(c/gal) |
167.63
|
173.52
|
-5.89
|
182.76
|
135.73
|
| Heating Oil
(c/gal) |
191.34
|
193.42
|
-2.08
|
201.57
|
150.85
|
| Natural Gas
($/MMBtu) |
13.55
|
13.42
|
+0.13
|
13.52
|
7.12
|
Petroleum
Refinery shutdowns in the Gulf of Mexico region total approximately
1.27 million bbl/d as of October 19, 2005. Please consult the
Office of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
According to EIA's latest Weekly
Petroleum Status Report for the week ending October 14,
2005 (released today), U.S. commercial crude oil inventories
(excluding those in the Strategic Petroleum Reserve) increased
by 5.6 million barrels from the previous week. At 312.0 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 rose by 2.9 million barrels last week, putting them
just above the lower end of the average range. Distillate fuel
inventories fell by 1.9 million barrels last week, and are 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
jumped by 6.3 million barrels last week, and remain in the upper
half of the average range for this time of year.
Natural Gas
As of October 19, the Louisiana
Office of Conservation has received reports indicating 805
million cubic feet per day (MMcf/d) of onshore and offshore
(in State waters only) natural gas production has been restored,
which is 36 percent of total production before the hurricanes.
Overall, 2,782 oil and gas wells, or 46.8 percent of the wells
in the region, reportedly remain shut-in. However, the Office
has not received information on approximately 25.7 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 1.35 Bcf/d are operational, but are
not active owing to upstream or downstream infrastructure problems
or supplies being unavailable. These plants had flowed 0.54
Bcf/d before the hurricanes. A number of the inactive plants
are expected to be operating within 4 weeks. Based on updated
data, available capacity at that time would be 2.23 Bcf/d with
pre-hurricane flow of 1.08 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.
|