|
As of Thursday, October 20, 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 |
| 10/20/2005 |
967,734
|
61.4%
|
5,196
|
51.4%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/20/2005 |
10/19/2005 |
change
|
Week Ago
10/13/2005 |
Year
Ago
10/20/2004 |
| WTI Crude
Oil ($/Bbl) |
61.03
|
62.41
|
-1.38
|
63.08
|
54.92
|
| Gasoline
(c/gal) |
161.31
|
167.63
|
-6.32
|
175.79
|
140.32
|
| Heating Oil
(c/gal) |
186.99
|
191.34
|
-4.35
|
199.69
|
156.04
|
| Natural Gas
($/MMBtu) |
12.98
|
13.55
|
+0.57
|
13.10
|
7.62
|
Petroleum
Refinery shutdowns in the Gulf of Mexico region total approximately
1.3 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.
Natural Gas
According to EIA's Weekly
Natural Gas Storage Report for the week ending Friday,
October 14, 2005 (released today), working gas in storage increased
to 3,062 Bcf, which is 1.8 percent above the 5-year average
inventory level. The implied net injection to storage was 75
Bcf, which is about 34 percent above the 5-year average net
injection of 56 Bcf and about 16 percent above the net injection
of 64 Bcf during the report week last year. This marks the first
time in 5 weeks, and only the fourth time since June 3, 2005,
that the weekly net change exceeded the 5-year average net increase.
As of October 20, the Louisiana
Office of Conservation has received reports indicating 874.7
million cubic feet per day (MMcf/d) of onshore and offshore
(in State waters only) natural gas production has been restored,
which is 39.1 percent of total production before the hurricanes.
Overall, 2,809 oil and gas wells, or 47.2 percent of the wells
in the region, reportedly remain shut-in. However, the Office
has not received information on approximately 23.3 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 (see October 19 Report for details).
ANR Pipeline Company noted that extensive damage caused by
Hurricane Rita is expected to keep its crucial liquid handling
facilities at Grand Chenier, Louisiana, out of service for an
indeterminate amount of time until repairs can be completed.
As a temporary measure ANR, along with the Minerals Management
Service (MMS), local refineries, and a local barging company
have worked with a third party to put in place temporary arrangements
to allow ANR to accommodate production with associated liquids
while repairs are being made. This will assist in the post-hurricane
effort to bring natural gas production onto the interstate grid
as soon as possible.
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