Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged Gulf of Mexico, Hurricane Francine, Hurricane Helene, Oct 2024, oil production on January 2, 2025| Leave a Comment »
Following the 200,000 bopd decline in Sept. because of Tropical Storms Francine and Helene, Oct. GoM oil production was once again in the normal range for 2024. With the exception of Sept., average 2024 production has been remarkably consistent from month to month.
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged Gulf of Mexico, Hurricane Francine, Hurricane Helene, oil production, production consistency, September 2024 on December 2, 2024| Leave a Comment »
As expected, the Gulf of Mexico’s remarkable 7 month production consistency streak ended in September as a result of shut-ins associated with Tropical Storms Francine and Helene. Nonetheless, average daily production still amounted to 88% of the ~1.8 million bopd average that had been achieved for the previous 7 months. Rather impressive resiliency!
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged August production, Gulf of Mexico, Hurricane Francine, Hurricane Helene, oil production, stability on October 31, 2024| Leave a Comment »
The streak of unprecedented Gulf of Mexico oil production stability was extended to 7 months in August.
As a result of shut-ins for Tropical Storms Francine and Helene, the streak will end when the production for Sept. is posted.
Posted in Gulf of Mexico, Offshore Energy - General, tagged 2024 data, Gulf of Mexico, Hurricane Francine, Hurricane Helene, oil production, stability on October 3, 2024| Leave a Comment »
The stability in Gulf of Mexico oil production rates, as noted when the data for June were released, continued into July. Oil production once again remained remarkably consistent at 1.8 million bopd.
Average daily production was within 1.4% of 1.8 million bopd for each month from February to July. As previously observed, this is as stable as production has been for any 6 month period in the past 10 years. I’m not sure this observation is terribly significant, but it’s interesting nonetheless. 😀
If the streak didn’t end in August, it most certainly did in September given the shut-ins for Hurricanes Francine and Helene.
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuations, Hurricane Francine, production shut-in on September 17, 2024| Leave a Comment »
5.62% of the oil and 9.68% of the gas remain shut-in.
BSEE data as of 12:30 p.m. ET on the specified date. Peak figures highlighted. The 9/17 report was BSEE’s final update.
| date | 9/10 | 9/11 | 9/12 | 9/13 | 9/14 | 9/15 | 9/16 | 9/17 |
| oil s.i.(BOPD) % of total | 412,070 23.55 | 674,833 38.56 | 730,472 41.74 | 732,316 41.85 | 522,233 29.84 | 338,690 19.35 | 213,204 12.18 | 101,778 5.62 |
| gas s.i.(MMCFD) % of total | 494 25.56 | 904 48.77 | 991.7 53.32 | 973.2 52.3 | 755 40.6 | 514.8 27.64 | 298 16.02 | 180 9.68 |
| platform evacs % of total | 130 35 | 171 46 | 169 45.55 | 144 31.81 | 52 14 | 37 10 | 24 6.47 | 16 4.31 |
| rig evacs % of total | 2 40 | 3 60 | 3 60 | 2 40 | 0 0 | 0 0 | 0 | 0 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 | 2 10 | 2 10 | 2 10 | 0 | 0 |
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuations, Gulf of Mexico, Hurricane Francine, production shut-in on September 16, 2024| Leave a Comment »
BSEE data as of 12:30 p.m. ET on the specified date. Peak figures highlighted.
| date | 9/10 | 9/11 | 9/12 | 9/13 | 9/14 | 9/15 | 9/16 |
| oil s.i.(BOPD) % of total | 412,070 23.55 | 674,833 38.56 | 730,472 41.74 | 732,316 41.85 | 522,233 29.84 | 338,690 19.35 | 213,204 12.18 |
| gas s.i.(MMCFD) % of total | 494 25.56 | 904 48.77 | 991.7 53.32 | 973.2 52.3 | 755 40.6 | 514.8 27.64 | 298 16.02 |
| platform evacs % of total | 130 35 | 171 46 | 169 45.55 | 144 31.81 | 52 14 | 37 10 | 24 6.47 |
| rig evacs % of total | 2 40 | 3 60 | 3 60 | 2 40 | 0 0 | 0 0 | 0 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 | 2 10 | 2 10 | 2 10 | 0 |
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuations, Gulf of Mexico, Hurricane Francine, production shut-in on September 15, 2024| Leave a Comment »
BSEE data as of 12:30 p.m. ET on the specified date.
| date | 9/10 | 9/11 | 9/12 | 9/13 | 9/14 | 9/15 |
| oil s.i.(BOPD) % of total | 412,070 23.55 | 674,833 38.56 | 730,472 41.74 | 732,316 41.85 | 522,233 29.84 | 338,690 19.35 |
| gas s.i.(MMCFD) % of total | 494 25.56 | 904 48.77 | 991.68 53.32 | 973.2 52.3 | 755 40.6 | 514.8 27.64 |
| platform evacs % of total | 130 35 | 171 46 | 169 45.55 | 144 31.81 | 52 14 | 37 10 |
| rig evacs % of total | 2 40 | 3 60 | 3 60 | 2 40 | 0 0 | 0 0 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 | 2 10 | 2 10 | 2 10 |
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuation, Gulf of Mexico, Hurricane Francine, production shut-in on September 14, 2024| Leave a Comment »
BSEE data as of 12:30 p.m. ET on the specified date.
| date | 9/10 | 9/11 | 9/12 | 9/13 | 9/14 |
| oil shut-in (BOPD) % of total | 412,070 23.55 | 674,833 38.56 | 730,472 41.74 | 732,316 41.85 | 522,233 29.84 |
| gas s.i. (MMCFD) % of total | 494 25.56 | 904 48.77 | 991.68 53.32 | 973.2 52.3 | 755 40.6 |
| platforms evacuated % of total | 130 35 | 171 46 | 169 45.55 | 144 31.81 | 52 14% |
| rigs evacuated % of total | 2 40 | 3 60 | 3 60 | 2 40 | 0 0 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 | 2 10 | 2 10 |
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuations, Gulf of Mexico, Hurricane Francine, shut-in production on September 13, 2024| Leave a Comment »
BSEE data as of 12:30 p.m. ET on the specified date.
| date | 9/10 | 9/11 | 9/12 | 9/13 |
| oil shut-in (BOPD) % of total | 412,070 23.55 | 674,833 38.56 | 730,472 41.74 | 732,316 41.85 |
| gas s.i. (MMCFD) % of total | 494 25.56 | 904 48.77 | 991.68 53.32 | 973.2 52.3 |
| platforms evac. % of total | 130 35 | 171 46 | 169 45.55 | 144 31.81 |
| rigs evacuated % of total | 2 40 | 3 60 | 3 60 | 2 40 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 | 2 10 |
Posted in energy, Gulf of Mexico, hurricanes, Offshore Energy - General, tagged evacuations, Gulf of Mexico, Hurricane Francine, production shut-in on September 12, 2024| Leave a Comment »
BSEE data for the past 3 days are tabulated below. Data are as of 12:30 p.m. ET on the specified date. Barring offshore or downstream infrastructure damage, production should begin to resume over the next few days.
Prior to the shale boom, when our national production was lower and the OCS accounted for a larger share, these numbers would have had a more significant effect on oil and gas prices. That is not the case today with only a 2.4% rise in WTI prices.
| date | 9/10 | 9/11 | 9/12 |
| oil shut-in (BOPD) % of total | 412,070 23.55 | 674,833Â 38.56 | 730,472 41.74 |
| gas s.i. (MMCFD) % of total | 494 25.56 | 904 48.77 | 991.68 53.32 |
| platforms evac. % of total | 130 35 | 171 46 | 169 45.55 |
| rigs evacuated % of total | 2 40 | 3 60 | 3 60 |
| DP rigs moved % of total | 3 15 | 4 20 | 2 10 |
Bud's Offshore Energy (BOE) 