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A couple of fifth of crude oil output and 28% of pure fuel manufacturing within the U.S. Gulf of Mexico waters have been nonetheless offline within the wake of Hurricane Francine, in response to a federal report on Sunday.
The storm barreled by the offshore-energy area and reached Louisiana as a Class 2 hurricane on Wednesday.
As of Sunday, Vitality producers had shut-in 338,690 barrels a day of oil manufacturing and almost 515 million cubic ft of pure fuel from Gulf waters, the U.S. Bureau of Security and Environmental Enforcement estimated from producer experiences.
Producers reminiscent of Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Occidental Petroleum (NYSE:OXY) and Shell (NYSE:SHEL) introduced plans to evacuate employees and restrict drilling in preparation for the storm.
Sunday, Sept. 15, 2024 | Whole | Share of GOM |
Platforms Evacuated | 37 | 10% |
Rigs Evacuated | 0 | 0% |
DP Rigs Moved-off | 2 | 10% |
Whole Shut-in Share of GOM Manufacturing | ||
Oil, BOPD Shut-in | 338,690(BOPD) | 19.35% |
Gasoline, MMCFD Shut-in | 514.8(MMCFD) | 27.64% |
Supply: Bureau of Security and Environmental Enforcement
Saturday, Sept. 14, 2024 | Whole | Share of GOM |
Platforms Evacuated | 52 | 14% |
Rigs Evacuated | 0 | 0% |
DP Rigs Moved-off | 2 | 10% |
Whole Shut-in Share of GOM Manufacturing | ||
Oil, BOPD Shut-in | 522,233(BOPD) | 29.84% |
Gasoline, MMCFD Shut-in | 755(MMCFD) | 40.6% |
Supply: Bureau of Security and Environmental Enforcement
