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As of Monday, September 26, 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 |
| 9/26/2005 |
1,527,630
|
97.8%
|
7,843
|
75.4%
|
| 9/25/2005 |
1,501,863
|
96.2%
|
8,047
|
77.4%
|
| 9/24/2005 |
1,500,898
|
96.1%
|
7,488
|
72.0%
|
| 9/23/2005 |
1,486,877
|
95.2%
|
7,204
|
69.3%
|
| 9/22/2005 |
1,379,000
|
88.3%
|
6,595
|
63.4%
|
| 9/21/2005 |
1,097,357
|
70.2%
|
4,713
|
45.3%
|
| 9/20/2005 |
877,275
|
56.2%
|
3,482
|
33.5%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
9/26/2005 |
9/23/2005 |
change |
Week Ago
9/19/2005 |
Year Ago
9/27/2004 |
| WTI Crude
Oil ($/Bbl) |
65.82
|
64.19
|
+1.63
|
67.39
|
49.64
|
| Gasoline
(c/gal) |
212.92
|
208.56
|
+4.36
|
204.27
|
134.63
|
| Heating Oil
(c/gal) |
205.86
|
194.90
|
+10.96
|
203.84
|
136.80
|
| Natural Gas
($/MMBtu) |
12.44
|
12.32
|
+0.12
|
12.66
|
5.26
|
Petroleum
As Hurricane Rita approached, 16 refineries along the Gulf Coast
shut down as a precautionary measure and to allow employees
to evacuate. As of today, 13 remain shut while 3 refineries
(Citgo in Lake Charles, Lyondell Citgo in Houston, and ConocoPhillips
in Sweeney) have reported that they have already begun to restart.
Three other refineries in the Houston area are expecting to
restart soon, while other refineries have reported minimal damage
and may also not be too far away from restarting. The refineries
in the Port Arthur area, where the hurricane struck most directly,
may take longer to restart. In addition to the 4 refineries
that remain shut down following Hurricane Katrina, the total
amount of refinery capacity shut down amounts to about 4 million
barrels per day, once the refineries that are restarting are
fully back on line, which may take a couple of days. This accounts
for less than 2 million barrels per day of gasoline, about 1
million barrels per day of distillate fuel, and about 0.5 million
barrels per day of jet fuel that is not be produced as long
as these remaining refineries remain shut down.
Natural Gas
Over a dozen gas processing plants have confirmed that they
are off-line owing either to flooding, lack of supplies, an
inability to move stored liquids, or safety precautions. The
processing plants known to be not operating have a combined
capacity of more than 10 billion cubic feet per day (Bcf/d),
but this number does not reflect actual flows before Hurricane
Katrina and Hurricane Rita. Duke Energy Field Services (DEFS)
noted that refineries and fractionators along the Gulf Coast
affected by the hurricane are discontinuing their operations,
resulting in a lack of natural gas liquids take-away capacity.
Thus, some natural gas gathering and processing facilities in
west and central Texas, and southeast New Mexico are being shut-in.
Preliminary visual assessment of Trunkline LNG, in Lake Charles,
La., indicates the facility's infrastructure appears to be intact.
The terminal will remain shut down, however, pending further
inspection. Trunkline LNG first suspended ship unloading and
send-out at the LNG terminal on September 22.
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