|
As of Tuesday, October 25, 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 |
| 10/25/2005 |
1,033,621
|
65.6%
|
5,582
|
55.3%
|
| 10/24/2005 |
1,018,478
|
64.6%
|
5,472
|
54.2%
|
| 10/21/2005 |
986,805
|
62.6%
|
5,337
|
52.8%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/25/2005 |
10/24/2005 |
change
|
Week Ago
10/18/2005 |
Year
Ago
10/25/2004 |
| WTI Crude
Oil ($/Bbl) |
62.44
|
60.32
|
+2.12
|
63.20
|
54.54
|
| Gasoline
(c/gal) |
165.38
|
158.16
|
+7.22
|
173.52
|
139.75
|
| Heating Oil
(c/gal) |
188.99
|
179.73
|
+9.26
|
193.42
|
156.53
|
| Natural Gas
($/MMBtu) |
14.34
|
13.00
|
+1.34
|
13.42
|
7.89
|
Petroleum
On October 24, EIA released the weekly Gasoline
and Diesel Fuel Update. The average weekly retail gasoline
price decreased to 260.3 cents per gallon (down 12.2 cents from
the previous week). The average national weekly diesel fuel
price increased 0.9 cents to 315.7 cents per gallon.
Refinery shutdowns in the Gulf of Mexico region total approximately
1.0 million bbl/d as of October 25, 2005. Please consult the
Office of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
Natural Gas
A number of natural gas processing plants in Louisiana and Texas,
with capacities equal to or greater than 100 million cubic feet
per day, are not active as of October 25. These plants have
an aggregate capacity of 8.11 billion cubic feet per day (Bcf/d),
and they had a total pre-hurricane flow volume of 4.74 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, the incremental available capacity
at that time would be 2.88 Bcf/d with pre-hurricane flow of
1.38 Bcf/d. Based on updated company information, pre-hurricane
flow volumes indicate that the average utilization of the non-operating
plants was roughly 58 percent.
As of October 25, the Louisiana
Office of Conservation has received reports indicating 889
million cubic feet per day (MMcf/d) of onshore and offshore
(in State waters only) natural gas production has been restored,
which is 39.8 percent of total production before the hurricanes.
Overall, 2,756 oil and gas wells, or 46.3 percent of the wells
in the region, reportedly remain shut-in. However, the Office
has not received information on approximately 22.2 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.
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