MMS Says 99.1% of Gulf of Mexico Oil Production is Shut-in

Today the U.S. Minerals Management Service released production shut-in statistics due to Hurricanes Katrina and Rita. The MMS says that 77.41% of 819 of the manned platforms and 67.16% of 134 rigs currently operating in the Gulf of Mexico have been evacuated.

Today's shut-in oil production is 1,486,877 BOPD. This shut-in oil production is equivalent to 99.125% of the daily oil production in the Gulf of Mexico, which is currently approximately 1.5 million BOPD.

Today's shut-in gas production is 7.204 BCFPD. This shut-in gas production is equivalent to 72.04% of the daily gas production in the Gulf of Mexico, which is currently approximately 10 BCFPD.

The cumulative shut-in oil production for the period 8/26/05-9/23/05 is 30,280,661 bbls, which is equivalent to 5.531 % of the yearly production of oil in the Gulf of Mexico (approximately 547.5 million barrels).

The cumulative shut-in gas production 8/26/05-9/23/05 is 140.502 BCF, which is equivalent to 3.49% of the yearly production of gas in the Gulf of Mexico (approximately 3.65 TCF).

The MMS says that these cumulative numbers reflect updated production numbers from all previous reports. The reports only represent input received by 11:30 a.m. CDT from 74 oil and gas companies. 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.

Company: Minerals Management Service (MMS) more info
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