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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 Thursday, December 1, 5:00 pm

Shut-in Status
Date
Shut-in Oil
(bbl/d)
% of Total
Federal GOM
Shut-in Gas
(mmcf/d)
% of Total
Federal GOM
 12/1/2005
547,074
34.7%
2,964
29.3%
 11/30/2005
547,223
34.7%
2,965
29.4%
 11/29/2005
564,229
35.8%
2,994
29.6%
 11/28/2005
594,421
37.7%
3,060
30.3%
 11/23/2005
615,623
39.1%
3,196
31.6%
 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%
source: Minerals Management Service


Prices
NYMEX Futures Prices 12/1/2005 11/30/2005
change
Week Ago
11/23/2005
Year Ago
12/1/2004
  WTI Crude Oil ($/Bbl)
58.47
57.33
+1.15
58.71
45.49
  Gasoline (c/gal)
156.26
142.49
+13.77
145.76
120.12
  Heating Oil (c/gal)
173.87
161.64
+12.23
168.92
132.93
  Natural Gas ($/MMBtu)
13.03
12.59
+0.44
11.62
7.41


Petroleum

Refinery shutdowns in the Gulf of Mexico region total 804,000 barrels per day as of November 28, 2005. Please consult the Office of Electricity Delivery and Energy Reliability's Situation Report for specific information on the refineries.


Natural Gas
According to EIA's Weekly Natural Gas Storage Report for the week ending Friday, November 25 (released today), working gas in storage decreased to 3,225 Bcf, which is 6.3 percent above the 5-year average inventory level. The implied net withdrawal of 49 Bcf was the largest to date this season and 11 percent more than the 5-year average of 44 Bcf for the report week. There was an injection of 7 Bcf for the comparable week last year. The draw on storage was influenced by the cold temperatures, which were between 7 and 24 percent below normal for all Census regions east of the Mississippi for the week ending November 24 according to data from the National Weather Service

The Louisiana Office of Conservation is addressing the operating status of producing wells in a thirty-eight (38) parish region for information. As of December 1, the Office has received reports indicating 1,401.1 million cubic feet a day (MMcf/d) of onshore and offshore (in State waters only) natural gas production has been restored, which is 62.7 percent of total production before the hurricanes. Overall, 2,385 oil and gas wells, or 40.1 percent of the wells in the region, reportedly remain shut-in. However, the Office has not received information on approximately 11.1 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. 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 MMcf/d, are not active. These plants have an aggregate capacity of 5.25 billion cubic feet per day (Bcf/d), and they had a total pre-hurricane flow volume of 3.26 Bcf/d. 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 0.20 Bcf/d.

 

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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