Special Report: Areas Most Affected By Hurricane Katrina

Over the last 48 hours, Hurricane Katrina has taken aim at the oil and gas industry in the US Gulf of Mexico. Its path since Saturday afternoon has passed directly through some of the most actively explored and produced areas in the Gulf.

Hurricane Katrina Map In terms of exploration, more than half of the 231 offshore rigs (excluding inland barges) currently working in the US Gulf of Mexico were in Katrina's path. A total of 48 rigs lay within the most adversely affected areas where winds were at hurricane force, blowing in excess of 74 MPH. Another 69 rigs were located in waters that experienced tropical storm force winds of 36 to 74 MPH. In total, 117 rigs, valued at a combined total of over $7 billion, had to weather the storm.

As of Monday afternoon at 3pm, the US Coast Guard has reported that at least one, possibly two, deepwater rigs have lost their moorings and are floating freely in the Gulf.

Block Areas Most Affected
The table below outlines the block areas affected by the passage of the hurricane, providing statistics on the number of rigs in each area along with the total cost of construction for those rigs, based on rig locations as of Friday, August 26th.

Download:
  - GOM Block Areas Hit by Hurricane Katrina [PDF]

Hurricane Force Winds (74+ MPH)
Area Abbr Area Name Num Rigs Total Cost of Rigs
AT ATWATER VALLEY 1  $                      365 million
BM  BAY MARCHAND 1  $                          4 million
BS BRETON SOUND 2  $                        38 million
EW EWING BANK 1  $                        37 million
GI GRAND ISLE 2  $                      570 million
LL LLOYD 1  $                      280 million
MC MISSISSIPPI CYN 12  $                      729 million
MO MOBILE 1  $                        26 million
MP MAIN PASS 7  $                      180 million
PL SOUTH PELTO 1  $                        17 million
SP SOUTH PASS 1  $                      240 million
ST SOUTH TIMBALIER 6  $                      236 million
VK VIOSCA KNOLL 4  $                        35 million
WD WEST DELTA 8  $                      133 million


Tropical Storm Force Winds (36 - 74 MPH)
Area Abbr Area Name Num Rigs Total Cost of Rigs
EC EAST CAMERON 9  $                      303 million
EI EUGENE ISLAND 12  $                      339 million
GC GREEN CANYON 20  $                    2,524 million
SM SOUTH MARSH 9  $                      123 million
SS SHIP SHOAL 10  $                      344 million
VR VERMILION 6  $                      153 million
WR WALKER RIDGE 3  $                    1,023 million


Rig Managers Affected
The table below outlines the rig managers whose fleets were exposed to the force of Hurricane Katrina as it moved through the Gulf. Based on rig locations as of Friday, August 26th.

Download:
  - Rig Managers With Rigs in Path of Hurricane Katrina [PDF]
  - Rigs Facing Hurricane Force Winds [PDF]
  - Rigs Facing Tropical Storm Force Winds [PDF]

  Tropcial Storm Winds Hurricane Winds
Rig Manager Num Rigs Cost of Rigs Num Rigs Cost of Rigs
Conoco 1  $             -   milllion 0  $             -   milllion
Diamond Offshore 5  $           681 milllion 7  $           137 milllion
ENSCO 8  $           511 milllion 7  $           194 milllion
GlobalSantaFe 8  $           876 milllion 4  $           702 milllion
Helmerich & Payne 2  $             -   milllion 4  $             -   milllion
Hercules Offshore 1  $             35 milllion 4  $             50 milllion
Nabors Offshore 9  $             63 milllion 5  $             26 milllion
Noble Drilling 5  $           487 milllion 3  $           199 milllion
Parker Drilling 1  $             -   milllion 0  $             -   milllion
Pride International 7  $           140 milllion 3  $             32 milllion
Rowan 11  $           417 milllion 4  $           368 milllion
Tetra Applied Tech 1  $             -   milllion 0  $             -   milllion
Todco 4  $             10 milllion 3  $             71 milllion
Transocean Inc. 6  $        1,589 milllion 4  $        1,111 milllion


Operators Affected
Hurricane Katrina forced operators to shut in over a million barrels of oil per day, according to the MMS. A total of nearly 2,800 platforms, more than 500 of them manned, were within the areas affected by the storm. Of those platforms, about 1,100 of them were within the direct path of the hurricane where they experienced hurricane force winds in excess of 74 miles per hour.

ChevronTexaco was the operator most heavily impacted by the passing of Hurricane Katrina, with more then 160 platforms facing hurricane force winds, and another 230 platforms exposed to tropical storm force winds.

Download:
  - Platforms Affected by Hurricane Katrina by Operator [PDF]



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