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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Mac who wrote (1051)11/26/2005 8:58:56 PM
From: Wharf Rat  Read Replies (1) of 1183
 
Hurricane Katrina/Hurricane Rita
Evacuation and Production Shut-in Statistics Report
as of Wednesday, November 23, 2005

Next Report will be issued on Monday, November 28, 2005 at 1:00 PM CST
For information concerning the storm click on www.mms.gov

This survey reflects 57 companies’ reports as of 11:30 a.m. Central Standard Time.


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


These evacuations are equivalent to 16.36% of 819 manned platforms and 0.75% of 134 rigs currently operating in the Gulf of Mexico (GOM).

Today’s shut-in oil production is 615,623 BOPD. This shut-in oil production is equivalent to 41.04% of the daily oil production in the GOM, which is currently approximately 1.5 million BOPD.

Today’s shut-in gas production is 3.196 BCFPD. This shut-in gas production is equivalent to 31.96% of the daily gas production in the GOM, which is currently approximately 10 BCFPD.

The cumulative shut-in oil production for the period 8/26/05-11/23/05 is 91,731,141 bbls, which is equivalent to 16.755% of the yearly production of oil in the GOM (approximately 547.5 million barrels).

The cumulative shut-in gas production 8/26/05-11/23/05 is 473.547 BCF, which is equivalent to 12.974 % 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. CST. 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 CST each day until these statistics are no longer significant.

MMS, an agency of the U.S. Department of the Interior, manages offshore oil and gas exploration as well as renewable and alternative energy sources such as wind, wave, and solar on 1.76 billion acres of the Outer Continental Shelf (OCS) while protecting the human, marine, and coastal environments. The OCS provides 30 percent of oil and 21 percent of natural gas produced domestically, and 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 2005 disbursements of approximately $9.9 billion and more than $153 billion since 1982.
mms.gov
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