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Note to readers: We will be updating our Hurricane
report twice a week, on Tuesdays and Thursdays, instead of daily.
As of Tuesday, November 1, 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 |
| 11/1/2005 |
1,000,092
|
63.5%
|
5,269
|
52.2%
|
| 10/31/2005 |
1,015,859
|
64.5%
|
5,427
|
53.7%
|
| 10/28/2005 |
1,017,551
|
64.6%
|
5,504
|
54.5%
|
| 10/27/2005 |
1,022,313
|
64.9%
|
5,559
|
55.0%
|
| 10/26/2005 |
1,022,515
|
64.9%
|
5,563
|
55.1%
|
| 10/25/2005 |
1,033,621
|
65.6%
|
5,582
|
55.3%
|
| 10/24/2005 |
1,018,478
|
64.6%
|
5,472
|
54.2%
|
| 10/21/2005 |
986,805
|
62.6%
|
5,337
|
52.8%
|
| 10/20/2005 |
967,734
|
61.4%
|
5,196
|
51.4%
|
| 10/19/2005 |
973,084
|
61.7%
|
5,242
|
51.9%
|
| 10/18/2005 |
982,011
|
62.3%
|
5,346
|
52.9%
|
source: Minerals Management Service
figure
data
Prices
figure
data
figure
data
| NYMEX Futures Prices |
11/1/2005 |
10/31/2005 |
change
|
Week Ago
10/25/2005 |
Year
Ago
11/1/2004 |
| WTI Crude
Oil ($/Bbl) |
59.85
|
59.76
|
+0.09
|
62.44
|
50.13
|
| Gasoline
(c/gal) |
160.36
|
152.61
|
+7.75
|
165.38
|
129.08
|
| Heating Oil
(c/gal) |
180.50
|
176.98
|
+3.52
|
188.99
|
140.76
|
| Natural Gas
($/MMBtu) |
11.86
|
12.21
|
-0.35
|
14.34
|
8.72
|
On October 31, EIA released the weekly Gasoline
and Diesel Fuel Update. The average weekly retail gasoline
price decreased to 248.0 cents per gallon (down 12.3 cents from
the previous week). The average national weekly diesel fuel
price decreased 28.1 cents to 287.6 cents per gallon.
Refinery shutdowns in the Gulf of Mexico region total 804,000
barrels per day as of October 31, 2005. Please consult the Office
of Electricity Delivery and Energy Reliability's Situation
Report for specific information on the refineries.
A number of processing plants in Louisiana and Texas, with capacities
equal to or greater than 100 million cubic feet per day, are
not active. These plants have an aggregate capacity of 7.93
billion cubic feet per day (Bcf/d), and they had a total pre-hurricane
flow volume of 4.60 Bcf/d. A number of non-operating plants
with a total capacity of 1.17 Bcf/d are operational, but are
not active owing to upstream or downstream infrastructure problems
or supplies being unavailable. These plants had flowed 0.41
Bcf/d before the hurricanes. 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 2.88 Bcf/d with pre-hurricane flow of 1.38 Bcf/d. Based on
updated company information, pre-hurricane flow volumes indicate
that the average utilization of the non-operating plants was
roughly 58 percent.
As of November 1, the Louisiana
Office of Conservation has received reports indicating 959.4
million cubic feet per day (MMcf/d) of onshore and offshore
(in State waters only) natural gas production has been restored,
which is 42.9 percent of total production before the hurricanes.
Overall, 2,738 oil and gas wells, or 46 percent of the wells
in the region, reportedly remain shut-in. However, the Office
has not received information on approximately 15.4 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.
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