Top Story | Oil & Gas Prices | Curtailment/Shut-In
Hurricane Delta Shut-In 1.5 Million Barrels (90%) of Gulf of Mexico Production
Email
Print 
Bookmark
Hurricane Delta is once again reached Category 3 intensity and is heading for a Gulf Coast landfall Friday with life-threatening storm surge, damaging winds and rainfall flooding from Louisiana and east Texas to Mississippi, according to the weather channel.
The hurricane
- has strengthened over the Gulf of Mexico and is turning into a Category 3.
- will landfall along the northern U.S. Gulf Coast later Friday.
- warnings are in effect from the extreme upper Texas coast to parts of Louisiana
Hurricane Delta has caused GOM operators to shut-in 90% or some 1.65 million barrels of crude oil in the regions, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE). The operators have also shut in 62% of the natural gas as well.
As a result we saw crude prices rise and E&P equities rally some companies to the tune of +11% in one day.
WTI over the last 6 days (10-8-2020)
US Equities (10-8-2020)
Related Categories :
Curtailment/Shut-In
More Curtailment/Shut-In News
-
Gran Tierra Resumes Production, Operations as Oil Price Improves
-
Producers Idle GOM Production as Hurricane Sally Approaches
-
Crescent Point Ups 2020 Guidance as Production Resumes; Talks 2021 Outlook
-
Facilities Shut-In Along TX Gulf Coast as Hurricane Laura Descends
-
Exxon Restricts Output at Stabroek Asset Offshore Guyana; 100,000 BPD Cap
Gulf Coast News >>>
-
Why Surface-Only Inventory Predictions Are a Fool’s Errand
-
Occidental Eyes $10 Billion OxyChem Sale Amid Debt and Capital Discipline Push -
-
Permian Gas Gets New Highway: Transwestern’s 1.5 Bcf/d Desert Southwest Expansion -
-
WaterBridge Infrastructure Brings Delaware Basin Water Model to Wall Street -
-
OPEC+ Nudges Supply Higher: Why This Weekend’s Hike Echoes 2020—But Isn’t 2020
