Minerals Management Services Report for 2005-10-07

Friday, October 07 2005 @ 03:34 PM EDT

Edited by: Kandy Ringer

Gulf of Mexico Oil and Gas Production Slowly Coming Back

MMS via BBSNews 2005-10-07 -- This survey reflects 68 companies’ reports as of 11:30 a.m. Central Daily Time. These evacuations are equivalent to 33.46% of 819 manned platforms and 4.47% of 134 rigs currently operating in the Gulf of Mexico (GOM).

Districts Lake Jackson Lake Charles Lafayette Houma New Orleans Total
Platforms Evacuated 47 96 50 14 67 274
Rigs Evacuated 0 2 2 1 1 6
Oil, BOPD Shut-in 31,880 50,190 145,166 135,400 800,277 1,162,913
Gas, MMCF/D Shut-In 823.74 1,256.82 1,038.39 787.44 2,535.00 6,441.39

*These statistics are reflective of evacuations and shut-in production from Hurricanes Katrina (remaining) and Rita*

Today’s shut-in oil production is 1,162,913 BOPD. This shut-in oil production is equivalent to 77.53% of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD.

Offshore Oil Rig.
Offshore Oil Rig

Credit: US National Park Service

Today’s shut-in gas production is 6.441 BCFPD. This shut-in gas production is equivalent to 64.41% of the daily gas production in the GOM, which is currently approximately 10 BCFPD. The cumulative shut-in oil production for the period 8/26/05-10/7/05 is 50,105,764 bbls, which is equivalent to 9.152% of the yearly production of oil in the GOM (approximately 547.5 million barrels). The cumulative shut-in gas production 8/26/05-10/7/05 is 246.471 BCF, which is equivalent to 6.753% of the yearly production of gas in the GOM (approximately 3.65 TCF). These cumulative numbers reflect updated production numbers from all previous reports. The reports only represent input received by 11:30 a.m. CDT. If a company does not report by 11:30 a.m. it is not included in the special information release, but it is included in the cumulative shut-in production. This may result in an apparent increase in the cumulative report amount. Shut-ins for oil and gas production are standard procedures conducted by industry for safety reasons. Once facilities have been inspected and all standard checks have been completed the production for these facilities will be brought back on line.

The MMS will continue to update the shut-in statistics at 1:00 PM CDT each day until these statistics are no longer significant.

The next report will be issued on Tuesday, October 11, 2005 at 1:00 PM CDT.

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MMS, part of the U.S. Department of the Interior, oversees 1.76 billion acres of the Outer Continental Shelf, managing offshore energy and minerals while protecting the human, marine, and coastal environments. The OCS provides 29 percent of oil and 19 percent of natural gas produced domestically, as well as sand used for coastal restoration. MMS collects, accounts for, and disburses mineral revenues from Federal and American Indian lands, and contributes to the Land and Water Conservation Fund and other special use funds, with Fiscal Year 2004 disbursements of about $8 billion and more than $143 billion since 1982.

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