Gulf Gas Outages Persist, Raising Concerns

Volumes of U.S. oil and natural gas production shut down in the Gulf of Mexico in the wake of Hurricanes Rita and Katrina failed to show any improvement Wednesday, according to the Minerals Management Service, even as companies said they were restarting some output.

One hundred percent of oil production in the region, or 1.5 million barrels a day, remained off line, the MMS said. Suspended natural gas volumes actually worsened, with 8.02 billion cubic feet a day of natural gas shut in, or 80% of total gas production, up from 78.56% on Tuesday.
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