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Note to readers: This will be the last of
our reports summarizing Hurricane impacts. The statistics used
in the report can still be found on our site in these specific
locations.
As of Tuesday, December 27, 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 |
| 12/22/2005 |
412,687
|
26.2%
|
1,962
|
19.4%
|
| 12/19/2005 |
414,495
|
26.3%
|
2,014
|
19.9%
|
| 12/16/2005 |
426,282
|
27.0%
|
2,228
|
22.1%
|
| 12/15/2005 |
426,282
|
27.0%
|
3,228
|
22.1%
|
| 12/12/2005 |
441,394
|
28.0%
|
2,312
|
22.9%
|
| 12/9/2005 |
447,425
|
28.4%
|
2,347
|
23.2%
|
| 12/8/2005 |
464,858
|
29.5%
|
2,442
|
24.2%
|
| 12/7/2005 |
476,035
|
30.2%
|
2,475
|
24.5%
|
| 12/6/2005 |
503,187
|
31.9%
|
2,650
|
26.2%
|
| 12/5/2005 |
509,270
|
32.3%
|
2,716
|
26.9%
|
| 12/2/2005 |
539,074
|
34.2%
|
2,943
|
29.1%
|
source: Minerals
Management Service; Energy Information Administration
note: Represents Federal offshore oil and natural gas production
shut-ins.
Prices
| NYMEX Futures Prices |
12/27/2005 |
12/23/2005 |
change
|
Week Ago
12/20/2005 |
Year
Ago
12/27/2004 |
| WTI Crude
Oil ($/Bbl) |
58.16
|
58.43
|
-0.27
|
57.98
|
41.32
|
| Gasoline
(c/gal) |
151.34
|
155.05
|
-3.71
|
150.88
|
104.12
|
| Heating Oil
(c/gal) |
163.70
|
170.53
|
-6.83
|
172.03
|
121.08
|
| Natural Gas
($/MMBtu) |
11.02
|
12.28
|
-1.26
|
14.08
|
6.16
|
Petroleum
Refinery shutdowns in the Gulf of Mexico region totaled 367,000
barrels per day (bbl/d) as of December 15, 2005. Please consult
the Office of Electricity Delivery and Energy Reliability's
Situation
Report for specific information on the refineries.
On December 27, EIA released the weekly Gasoline
and Diesel Fuel Update for December 26. The average weekly
retail gasoline price decreased to 219.7 cents per gallon (down
1.4 cents from the previous week). The average national weekly
diesel fuel price decreased 1.4 cents to 244.8 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 December 27, the Office has received reports
indicating 1,613.3 million cubic feet a day (MMcf/d) of onshore
and offshore (in State waters only) natural gas production has
been restored, which is 72.2 percent of total production before
the hurricanes. Overall, 2,155 oil and gas wells, or 36.2 percent
of the wells in the region, reportedly remain shut-in. However,
the Office has not received information on approximately 9.9
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 by early
January. Based on updated data, the incremental available capacity
at that time would be 2.00 Bcf/d.
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