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.