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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 22, 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
 11/22/2005
621,233
39.4%
3,219
31.9%
 11/21/2005
633,064
40.2%
3,269
32.4%
 11/18/2005
717,807
45.5%
3,648
36.1%
 11/17/2005
717,807
45.5%
3,648
36.1%
 11/16/2005
725,218
46.0%
3,713
36.8%
 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%
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 11/22/2005 11/21/2005
change
Week Ago
11/15/2005
Year Ago
11/22/2004
  WTI Crude Oil ($/Bbl)
58.84
57.70
+1.14
56.98
48.64
  Gasoline (c/gal)
148.75
145.73
+3.02
145.64
128.94
  Heating Oil (c/gal)
173.61
170.95
+2.66
168.09
144.49
  Natural Gas ($/MMBtu)
11.61
11.33
+0.28
11.56
6.76


Petroleum

Refinery shutdowns in the Gulf of Mexico region total 804,000 barrels per day as of November 21, 2005. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.

On November 21, EIA released the weekly Gasoline and Diesel Fuel Update. The average weekly retail gasoline price decreased to 220.1 cents per gallon (down 9.5 cents from the previous week). The average national weekly diesel fuel price decreased 8.9 cents to 251.3 cents per gallon.

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 22, the Office has received reports indicating 1,313.3 million cubic feet a day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 58.8 percent of total production before the hurricanes. Overall, 2,468 oil and gas wells, or 41.5 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 11.3 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.

 

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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