Bud's Offshore Energy (BOE)

To what extent was the Main Pass Oil Gathering (MPOG) system shut-in responsible for the Nov. to Feb. production decline (chart below)? The MPOG wasn’t cleared for production until earlier this month, so we may not know until the investigation report is published and the EIA posts April 2024 production data (2 month lag).

The NTSB is leading the investigation on the MPOG spill. This short summary is all they have posted so far, but we should see a preliminary report soon. The NTSB’s final reports are frequently delayed. They still haven’t finalized their report on the Dec. 2022 Gulf of Mexico helicopter crash.