Hurricanes and production: Do more disruptions loom?

The Atlantic hurricane season of 2005 was the most active season since accurate record-keeping began more than 60 years ago. There were 27 named storms, including 15 hurricanes, seven of which were classified as Category 3 or higher. The paths of five major hurricanes passing through the Gulf of Mexico disrupted crude oil and natural gas production.Hurricanes Katrina and Rita, in particular, crossed straight through the heart of the gulf’s producing region, resulting in widespread production shut-in, some of which remains in effect.As of June 17, total oil production in the gulf had been reduced by more than 166 million bbl and gas production reduced by 804 bcf since the first of th...

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