|
As of Thursday, October 27, 3:00 pm
Shut-in Status
| Date |
Shut-in Oil
(bbl/d)
|
% of Total
Federal GOM
|
Shut-in Gas
(mmcf/d)
|
% of Total
Federal GOM |
| 10/27/2005 |
1,022,313
|
64.9%
|
5,559
|
55.0%
|
| 10/26/2005 |
1,022,515
|
64.9%
|
5,563
|
55.1%
|
| 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%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
10/27/2005 |
10/26/2005 |
change
|
Week Ago
10/20/2005 |
Year
Ago
10/27/2004 |
| WTI Crude
Oil ($/Bbl) |
61.09
|
60.66
|
+0.43
|
61.03
|
52.46
|
| Gasoline
(c/gal) |
159.26
|
158.45
|
+0.81
|
161.31
|
133.61
|
| Heating Oil
(c/gal) |
185.39
|
185.61
|
-0.22
|
186.99
|
149.55
|
| Natural Gas
($/MMBtu) |
13.83
|
14.04
|
-0.21
|
12.98
|
7.63
|
Petroleum
Refinery shutdowns in the Gulf of Mexico region total 991,000
barrels per day as of October 27, 2005. Please consult the Office
of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
According to EIA's Weekly
Petroleum Status Report for the week ending October 21 (released
yesterday, October 26) crude oil inventories (excluding those
in the Strategic Petroleum Reserve) increased by 4.4 million
barrels from the previous week. At 316.4 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
inched up by 0.2 million barrels last week, putting them above
the lower end of the average range. Distillate fuel inventories
fell by 1.6 million barrels last week, and are just above the
lower end 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
decreased by 0.3 million barrels last week, but remain in the
upper half of the average range for this time of year.
Natural Gas
According to EIA's Weekly
Natural Gas Storage Report for the week ending Friday, October
21 (released today), working gas in storage increased to 3,139
Bcf, which is 2.8 percent above the 5-year average inventory
level. The net addition to storage was 77 Bcf, which is significantly
higher than both the 5-year average net injection of 45 Bcf
and the net injection of 31 Bcf during the report week last
year. This marks the fifth time since June 3, 2005 that the
weekly net injection exceeded the 5-year average net increase,
as current storage levels climbed to 85 Bcf more than the 5-year
average.
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 27, the Office has received reports
indicating 904.2 million cubic feet per day (MMcf/d) of onshore
and offshore (in State waters only) natural gas production has
been restored, which is 40.5 percent of total production before
the hurricanes. Overall, 2,708 oil and gas wells, or 45.5 percent
of the wells in the region, reportedly remain shut-in. However,
the Office has not received information on approximately 21.8
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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