Harvey's impact on Refiners is BIG
Posted: Mon Aug 28, 2017 10:39 am
New York (Platts)--27 Aug 2017 545 pm EDT/2145 GMT
Oil and gas companies on the Texas Gulf Coast were dealing Sunday with the impact of Tropical Storm Harvey, which was unleashing torrential rains and flooding after making landfall Saturday near Corpus Christi.
Refinery outages continued to spread Sunday, with roughly 2.2 million b/d of capacity down or being brought down. Corpus Christi-area refineries were already down ahead of the storm, and Houston area refineries Sunday were being taken down because of flooding.
Read: https://www.platts.com/latest-news/oil/ ... 3f85fb1b90
OFFSHORE OIL AND GAS PRODUCTION
* Offshore operators in the US Gulf of Mexico have shut in more than 378,633 b/d of oil output, 21.64% of total Gulf of Mexico production, and 0.827 Bcf/d of natural gas output, 25.71% of production, according to a US Bureau of Safety and Environmental Enforcement survey Sunday. Crude production has recovered a bit from Saturday's 428,568 million b/d outage figure.
* Anadarko Petroleum has resumed production at its Constitution, Heidelberg, Holstein and Marco Polo platforms, all located in the central Gulf of Mexico. But Anadarko, in a late Saturday statement, did not say how much of the 113,000 b/d of oil it produced in the US Gulf in the second quarter is accounted for in those four platforms, which are in the Green Canyon area of the Gulf. The company also said it is eying a restart of its Lucius production facility, located further southwest in the lower Keathley Canyon area near Mexican waters.
ONSHORE OIL AND GAS PRODUCTION
* Oil operators have shut in what may amount to hundreds or even thousands of wells in the onshore Eagle Ford Shale in South Texas, which sits directly in the path of Harvey. Eagle Ford oil production is currently around 1.34 million b/d, according to Platts Analytics' Bentek Energy.
* Onshore shale and unconventionals producer XTO Energy has shut all output in the direct line of Tropical Storm Harvey and evacuated all staff, parent ExxonMobil said late Saturday. The move would likely include operations in the Eagle Ford Shale of South Texas, although that could not be immediately confirmed.
* BHP Billiton and Murphy Oil shut down all or some Eagle Ford operations. BHP produced nearly 99,000 b/d of oil equivalent from the Eagle Ford in the quarter ended June 30, 2017 which included about 71,000 b/d of liquids and about 166,000 Mcf/d of natural gas. Murphy has two rigs in the Eagle Ford, and produced 46,000 boe/d from the play in the second quarter, 87% of which was liquids.
* ConocoPhillips suspended production from the Eagle Ford, where it was producing 161,000 boe/d at the end of 2016, and shut down its six rigs there.
Oil and gas companies on the Texas Gulf Coast were dealing Sunday with the impact of Tropical Storm Harvey, which was unleashing torrential rains and flooding after making landfall Saturday near Corpus Christi.
Refinery outages continued to spread Sunday, with roughly 2.2 million b/d of capacity down or being brought down. Corpus Christi-area refineries were already down ahead of the storm, and Houston area refineries Sunday were being taken down because of flooding.
Read: https://www.platts.com/latest-news/oil/ ... 3f85fb1b90
OFFSHORE OIL AND GAS PRODUCTION
* Offshore operators in the US Gulf of Mexico have shut in more than 378,633 b/d of oil output, 21.64% of total Gulf of Mexico production, and 0.827 Bcf/d of natural gas output, 25.71% of production, according to a US Bureau of Safety and Environmental Enforcement survey Sunday. Crude production has recovered a bit from Saturday's 428,568 million b/d outage figure.
* Anadarko Petroleum has resumed production at its Constitution, Heidelberg, Holstein and Marco Polo platforms, all located in the central Gulf of Mexico. But Anadarko, in a late Saturday statement, did not say how much of the 113,000 b/d of oil it produced in the US Gulf in the second quarter is accounted for in those four platforms, which are in the Green Canyon area of the Gulf. The company also said it is eying a restart of its Lucius production facility, located further southwest in the lower Keathley Canyon area near Mexican waters.
ONSHORE OIL AND GAS PRODUCTION
* Oil operators have shut in what may amount to hundreds or even thousands of wells in the onshore Eagle Ford Shale in South Texas, which sits directly in the path of Harvey. Eagle Ford oil production is currently around 1.34 million b/d, according to Platts Analytics' Bentek Energy.
* Onshore shale and unconventionals producer XTO Energy has shut all output in the direct line of Tropical Storm Harvey and evacuated all staff, parent ExxonMobil said late Saturday. The move would likely include operations in the Eagle Ford Shale of South Texas, although that could not be immediately confirmed.
* BHP Billiton and Murphy Oil shut down all or some Eagle Ford operations. BHP produced nearly 99,000 b/d of oil equivalent from the Eagle Ford in the quarter ended June 30, 2017 which included about 71,000 b/d of liquids and about 166,000 Mcf/d of natural gas. Murphy has two rigs in the Eagle Ford, and produced 46,000 boe/d from the play in the second quarter, 87% of which was liquids.
* ConocoPhillips suspended production from the Eagle Ford, where it was producing 161,000 boe/d at the end of 2016, and shut down its six rigs there.