[frankthetank]

Thunderhorse Survived!

ahhhh... They must have gotten real lucky or they really did fix it after it tilted.

Well, atleast it'll delay PO by about 15 seconds..

[khebab]

A few links:

RIGZONE: Special Report: Areas Most Affected By Hurricane Katrina
An interactive Map:
RigLogix - Hurricane Katrina and Mobile Offshore Rig Fleet

[tdrive]

Hurricane Katrina Evacuation and Production Shut-in Statistics as of August 30
Today’s shut-in oil production is 1,427,969 BOPD. This shut-in oil production is equivalent to 95.20% of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD. Today’s shut-in gas production is 8.798 BCFPD. This shut-in gas production is equivalent to 87.99% of the daily gas production in the GOM, which is currently approximately 10 BCFPD. The cumulative shut-in oil production for the period 8/26/05-8/30/05 is 4,635,751 bbls, which is equivalent to 0.847% of the yearly production of oil in the GOM (approximately 547.5 million barrels). The cumulative shut-in gas production for the period 8/26/05-8/30/05 is 25.441 BCF, which is equivalent to 0.697% of the yearly production of gas in the GOM (approximately 3.65 TCF). MMS

[markam]

Last weeks NG report showed a net addition to storage of 60 Bcf. This was teh 8th straight week of net additions below the 5 eyar average. I wouldn't be surprised if the report next week shows that we have a net withdrawal of NG from storage for this week. I doubt that there has ever been a net withdrawal at this time of the year.

It is looking real bad for NG supplies this winter.

[Taskforce_Unity]

I don't really get it.
You guys have a supply of 5.6 Trillion cubic feet per day.
Shut in production from Katrina is only 8.8 Billion Cubic feet per day. so that's about .17% of natural gas supply.
Just a little dent, guess the current natural gas prices are an overreaction from the market?
or am i missing something?

[markam]

Actually 8.8 Bcf is about 15% of daily usage.

The big problem is that gas demand peaks in the winter because of residential heating. We pump our excess gas into underground caverns during summer/fall so that it is available in the winter. The normal daily production cannot keep up with demand in the winter.

We will be going into the winter will very low storage volumes. This will be a major problem if millions of people lose their heat because of low gas pressure.

[Taskforce_Unity]

Sorry i still don't get the production numbers, the confusion comes from the EIA table in the short term energy outlook of august 2005, table 8a.

It gives numbers in trillion cubic feet. I assume then that this is Total quarterly production (jeejsh how unclear given the fact that oil production is in barrels per day).

Sorry for the confusion

[markam]

It would be helpful if everything was just measured in cubic meters.

Not all americans are willing to die in order to keep the stupid english system of measurement.

[Taskforce_Unity]

I now get it, my current outlook is finished, i think this year you will just manage to go through. Meausring in 8.8 BCFD of loss due to katrina. I don't know what goes into henry's hub though maybe someone may clarify that for me?

Next year though.. stocks are going to be Depleted. (or in case of a really bad winter and superdemand this year already)

[Tyler_JC]

$this->bbcode_second_pass_quote('markam', 'I')t would be helpful if everything was just measured in cubic meters.
Not all americans are willing to die in order to keep the stupid english system of measurement.

[markam]

$this->bbcode_second_pass_quote('', 'F')or those who have to heat their home using natural gas, that's scary

[frankthetank]

We lost one!
$this->bbcode_second_pass_quote('', 'N')ewfield Exploration Company announced initial findings of an aerial survey of its operations in the eastern Gulf of Mexico. The Company's "A" production platform at Main Pass 138 appears to have been lost in the storm. All other Newfield operated structures flown over appear to be intact. Prior to the shut-in for Hurricane Katrina, the facility was producing 1,500 barrels of oil per day (gross). Newfield operates the facility with a 92% working interest.

[Jaymax]

Link

--J

[Jdelagado]

$this->bbcode_second_pass_quote('EnemyCombatant', 'W')ell, here's Ruppert's take on it.
$this->bbcode_second_pass_quote('', '[')This is even before the hurricane has done any significant damage to oil infrastructure. This loss is due only to evacuations. Whatever damage is done by the storm itself may, in some cases, take a year or longer to repair. God knows how many billions that will cost or whether repair crews will even be able to get to key locations. By that time the US economy will have imploded.
I'm going out on a short, sturdy limb here. Oil prices will break the $80 mark within a week. That could turn out to have been an understatement.
Katrina's landfall on August 29, 2005 may well be remembered as the beginning of the collapse of the American Empire. It could also be remembered by future generations as the day that Mother Earth declared full-scale war on the human race. - MCR]

[richardmmm]

some leeves have broken and are flooding NO bigtime.
Although the city came through the hurricane not too badly, this is a nasty situation with the city being flooded.
they are saying 3 weeks to pump the water out (the pumps are currently out of action and submerged.)
it's not directly related to oil, but it knocks NO out of the picture as the beach head for the recovery efforts. instead they have to work on recoverying NO. Link

[something_awfull]

[quote="Jaymax"]

now that's an ugly picture.

[LadyRuby]

Not sure which Katrina thread to post to and if this has been posted elsewhere, but here's the director of Port Fourchon talking to the Wall Street Journal about impacts there. Seems like they are more concerned about channelization, which I don't really understand but sounds like sediments deposit in the area and they may not be able to get their ships to and through until they see what that situation is....

WSJ

[OilsNotWell]

Found on another board:

Mars Platform damage:



$this->bbcode_second_pass_quote('', 'D')etails on Mars Platform from an EIA report last year
Quote:
--------------------------------------------------------------------------------
Shell Works to Reopen the Mars Platform: located in the Gulf of Mexico, 130 miles southeast of New Orleans, the Mars tension leg platform was shut down on May 22, 2004. A pipeline leak was detected after losing approximately 3 gallons of crude oil. The platform is 3,250 feet high, weighs approximately 36,500 tons, and is in 2,940 feet of water. Mars was producing 150,000 barrels of oil per day and 170 million cubic feet of gas per day before the shut down. According to Shell Oil the oil pipeline from the platform will remain shut-in until repairs can be made. Shell owns 71.5 percent of the Mars platform and BP owns the rest.
--------------------------------------------------------------------------------

[DantesPeak]

Found far from home: $this->bbcode_second_pass_quote('', 'D')iamond Offshore has found the Ocean Warwick, which had previously been listed as missing, on Dauphin Island off the coast of Alabama. Aerial photos indicate that the rig has sustained significant damage and is aground on the island. Diamond Offshore is working to get personnel to the rig but will not be able to make a complete assessment of the condition of the unit until a crew is able to re-board the rig.
Dauphin Island is approximately 66 miles northeast of the rig's work location on Main Pass Block 299 prior to passage of hurricane Katrina. The Warwick is insured for approximately $50 million net of applicable deductibles. No personnel were on board the rig at the time of the storm.

[AirlinePilot]

Ok this is even worse to consider IMHO. EVERYONE who works at these refineries and facilities likely lives close to the damage. The infrastructure for basic things like power, water, food don't exist. Its not just the actual equipment damage that is going to cause problems. This could well be an even larger problem. It is going to take weeks and months just to begin to restore these basic services. To start repairing facilities probably won't happen for quite some time. Likely all the major port facilities which would be involved with repair efforts have major damage and will have to be repaired FIRST and that won't happen until basic cleanup is over and some semblance of order is achieved. I predict it will take months for any kind of real repairs to begin.