Just under 30% of gulf crude remains offline after hurricanes Ida and Nicholas

An update via Platts on Gulf of Mexico producers, they peg 28% of production yet to return and note that there are still 2 months left of the hurricane season.

  • 95% of US Gulf oil and gas production was shut in near the end of August as Category 4 Ida made a Louisiana landfall
  • The return of natural gas supplies continued to lag a bit more than oil
  • Category 1 Nicholas, which hit the Texas Gulf Coast Sept. 13, had a much more modest impact on the Western Gulf and on slowing restoration activities.
Ida in late August:
An update via Platts on Gulf of Mexico producers, they peg 28% of production yet to return and note that there are still 2 months left of the hurricane season.