The rapid intensification from Tropical Depression 9 to Tropical Storm Ida to Hurricane Ida occurred in about a day. Already, Bloomberg data shows about 1.3 million barrels per day of U.S. Gulf Coast production capacity has been halted. Here's the list so far of offshore rigs and their capacity in barrels per day taken offline: BP Atlantis, 200,000 b/d Mad Dog, 100,000 b/d Na Kika, 130,000 b/d Thunder Horse, 250,000 b/d Shell Turritella (including Stones field) 50,000 boe/d (at peak)Mars, 60,000 boe/d Olympus, 100,000 boe/d Appomattox, 175,000 boe/d Ursa, 150,000 boe/d Equinor Titan, 2,000 boe/d (producing rate in the second quarter)BHP Shenzi, 100,000 b/d and 50 mmcf/d gas With more than a million barrels per day of Gulf of Mexico output offline, this could place upward pressure on crude futures at a time when prices have fallen 5% over the past month.
This will help push oil & gas $$$ also.. ; )
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