**Shut-in production rates do not include production lost due to the destroyed platforms.
These evacuations are equivalent to 1.18% of 764 manned platforms and 0.85% of 117 rigs currently operating in the GOM.
This shut-in oil production is equivalent to 27.95% of daily production of oil in GOM which is approximately 1.7 million BOPD.
This shut-in gas production is equivalent to 14.43% of the daily production of gas in the GOM which is approximately 12.3 BCFPD.
The cumulative (9/11/04-10/7/04) shut-in oil production is 16,560,590 bbls which is equivalent to 2.737% of the yearly production of oil in the GOM which is approximately 605 million barrels.
The cumulative (9/11/04-10/7/04) shut-in gas production is 72.279 BCF which is equivalent to 1.624% of the yearly production of gas in the GOM which is approximately 4.45 TCF.
NOTE:
Looks like there is more damage yet to "discovered" and the reason for the shut in production has to do with damaged pipelines which if correct means that we'll be seeing these figures for a long, long time.
Not much impact on the NG spot market it looks like, but when a cold winter comes around.....
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
