US PROPANE - FOURTH-QUARTER 2005 - FIRST-QUARTER 2006: Capacity recovers from storm damage; industry braces for active 2006 season

Dan Lippe, Petral Worldwide Inc., HoustonFor US offshore oil and gas producers, midstream companies, refiners, and petrochemical companies, recovery and rebuilding dominated fourth-quarter 2005 and first-quarter 2006.Hurricanes caused extensive damage to refineries and gas plants as well as to offshore production platforms and subsea pipelines. The loss of capacity from various facilities and the time required for repairs were the primary reasons for the slump in propane production during fourth-quarter 2005.Refiners and petrochemical companies were able to complete most of the required repairs to their facilities during the quarter. Offshore producers also made progress during the quarte...

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