Bloomberg News

U.S. Says 18% of Gulf’s Oil Output Still Shut for Debby

June 26, 2012

About 18 percent of U.S. oil production and 17 percent of natural gas output from the Gulf of Mexico are still shut because of Tropical Storm Debby, a Bureau of Safety and Environmental Enforcement report today showed.

About 250,187 barrels a day of crude-oil output were offline today, down from 608,025 barrels yesterday, while about 773 million cubic feet of gas output was shut, compared with 1.57 billion yesterday, the report showed. The number of platforms evacuated fell to 53 from 189 yesterday and rig evacuations fell to one from 22.

Debby, which has dropped 15 to 20 inches (38 to 51 centimeters) of rain on Florida, will cross the state and move into the Atlantic, the Miami-based National Hurricane Center said in an advisory at 2 p.m. East Cost time. The storm had maximum sustained winds of 40 miles (64 kilometers) per hour and was moving east at 6 mph.

Energy companies shut offshore rigs and platforms over the weekend when forecasts showed Debby moving toward Louisiana. The Gulf of Mexico represents 6.5 percent of U.S. natural gas output and 29 percent of oil production.

To contact the reporter on this story: Naureen S. Malik in New York at nmalik28@bloomberg.net.

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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