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EIA Report on Hurricane Impacts on U.S. Energy           


Hurricane Impacts on the U.S. Oil and Natural Gas Markets


As of Tuesday, November 15, 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
 11/15/2005
725,423
46.0%
3,715
36.8%
 11/14/2005
727,054
46.1%
3,742
37.0%
 11/10/2005
736,279
46.7%
4,016
39.8%
 11/9/2005
737,136
46.8%
4,033
39.9%
 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%
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 11/15/2005 11/14/2005
change
Week Ago
11/8/2005
Year Ago
11/15/2004
  WTI Crude Oil ($/Bbl)
56.98
57.69
-0.71
59.71
46.87
  Gasoline (c/gal)
145.64
149.61
-3.97
156.23
123.79
  Heating Oil (c/gal)
168.09
173.04
-4.95
177.85
134.31
  Natural Gas ($/MMBtu)
11.56
11.61
-0.05
11.79
7.44


Petroleum

On November 14, EIA released the weekly Gasoline and Diesel Fuel Update. The average weekly retail gasoline price decreased to 229.6 cents per gallon (down 8 cents from the previous week). The average national weekly diesel fuel price decreased 9.6 cents to 260.2 cents per gallon.

Refinery shutdowns in the Gulf of Mexico region total 804,000 barrels per day as of November 14, 2005. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

Natural Gas
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 15, the Office has received reports indicating 1,228.7 million cubic feet per day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 55 percent of total production before the hurricanes. Overall, 2,630 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 12.1 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.

Hurricanes Katrina and Rita damaged a number of natural gas processing facilities on the Gulf Coast resulting in a number of shut-ins or reduced operating level. The loss can affect recovery of natural gas production in the area. Even if platforms and pipelines are either unaffected or readily restored to service, the gas may not be able to flow to market without treatment. However, bypassing inoperable plants and redirecting flow to operational plants has mitigated the impact of the shut-ins. 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 6.45 billion cubic feet per day (Bcf/d), and they had a total pre-hurricane flow volume of 3.81 Bcf/d. A number of non-operating plants with a total capacity of 0.90 Bcf/d are operational, but are not active owing to upstream or downstream infrastructure problems or supplies being unavailable. These plants had flowed 0.28 Bcf/d before the hurricanes. A number of the inactive plants are expected to be operating within 2 weeks. Based on updated data, the incremental available capacity at that time would be 2.30 Bcf/d with pre-hurricane flow of 1.06 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.

Enterprise Products Partners announced yesterday (November 14) that the company is planning on completing the repairs to its hurricane-damaged Toca natural gas processing plant in Chalmette, Louisiana by the end of the week and to have the entire facility back in operation by next week. The Toca facility, which includes two processing trains, was shut down following Hurricanes Katrina and Rita. The older Toca 1 processing train, which has processing capacity of 280 MMcf per day, was restored to operation on Oct. 23. Enterprise expects to have the Toca 2 processing train back in operation next week. The total capacity of the Toca plant is 1.1 Bcf per day. Pipelines served by the plant include Southern Natural Gas, Viosca Knoll Gathering System and Mississippi Canyon Gas Pipeline. The Toca plant removes natural gas liquids from gas produced offshore Louisiana in order to meet pipeline specifications.

Southern Natural gas also announced Monday, November 14, that it has completed sufficient repairs to its facilities upstream of the Toca processing plant to accept nominations at 31 upstream receipt points. Prior to Hurricane Katrina, scheduled supply at these 31 points was about 340 MMcf per day, compared to a total of 200 MMcf per day of scheduled supply at these points on Monday, November 14.

 

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, December 6, 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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