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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 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

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 10/20/2005 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.

 

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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