As of Tuesday, November 8, 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
11/8/2005	738,617	44.9%	4,123	40.8%
11/7/2005	773,097	49.0%	4,451	44.0%
11/4/2005	780,633	49.5%	4,569	45.2%
11/3/2005	790,610	50.2%	4,727	46.8%
11/2/2005	957,978	60.8%	5,043	49.9%
11/1/2005	1,000,092	63.5%	5,269	52.2%
10/31/2005	1,015,859	64.5%	5,427	53.7%
10/28/2005	1,017,551	64.6%	5,504	54.5%
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%

source: Minerals Management Service


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Prices

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Petroleum
Refinery shutdowns in the Gulf of Mexico region total 804,000 barrels per day (bbl/d) as of November 7, 2005. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

On November 7, EIA released the weekly Gasoline and Diesel Fuel Update. The average weekly retail gasoline price decreased to 237.6 cents per gallon (down 10.4 cents from the previous week). The average national weekly diesel fuel price decreased 17.8 cents to 269.8 cents per gallon.

Natural Gas
Hurricanes Katrina and Rita damaged a number of natural gas processing facilities on the Gulf Coast. The loss has and will continue to delay recovery of natural gas production in the area. Even if platforms and pipelines are either unaffected or readily restored to service, the gas often can't flow to market without treatment. In 2003 (the latest year with complete data), almost three-fourths of total U.S. marketed gas production was processed prior to delivery to market. A number of 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 7.66 billion cubic feet per day (Bcf/d), and they had a total pre-hurricane flow volume of 4.55 Bcf/d. A number of non-operating plants with a total capacity of 1.21 Bcf/d are operational, but are not active owing to upstream or downstream infrastructure problems or supplies being unavailable. These plants had flowed 0.55 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 2.61 Bcf/d with pre-hurricane flow of 1.33 Bcf/d. Based on updated company information, pre-hurricane flow volumes indicate that the average utilization of the non-operating plants was roughly 59 percent.

The Louisiana Office of Conservation is addressing the operating status of producing wells in a thirty-eight (38) parish region for information. As of November 8, the Office has received reports indicating 1,199.3 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 53.7 percent of total production before the hurricanes. Overall, 2,629 oil and gas wells, or 44.2 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 13.5 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.