From Dallas Express · Dallas Express · · 1m 20s
Hurricane Isaias Shuts In 63% Gulf Oil Output
Hurricane Isaias forces 63% U.S. Gulf oil shutdown as Texas faces fuel price spikes.
In brief
Hurricane Isaias forces 63% U.S. Gulf oil shutdown as Texas faces fuel price spikes. Hurricane Isaias shut in 63% of U.S. Gulf oil output, threatening Texas fuel prices despite no direct hit. Originally reported by Dallas Express.
Hurricane Isaias Shuts In 63% Gulf Oil Output
Hurricane Isaias forced producers to shut in 62.89% of U.S. Gulf offshore oil output and 57.35% of natural gas production by Thursday's report.
Oil Production Shutdowns
Operators halted 1,282,879 barrels of daily oil production and 1,127 million cubic feet of natural gas by Thursday's federal reporting cutoff.
Hurricane Strengthens
Isaias strengthened to 85 mph maximum sustained winds and moved east-northeast at 10 mph according to the National Hurricane Center's Thursday advisory.
Platform Evacuations
Personnel evacuated 121 production platforms and five drilling rigs by Thursday's federal reporting cutoff, with four additional rigs moving out of the storm's path.
Shell and Chevron Actions
Shell shut down Mars, Olympus, Ursa, Vito and Appomattox platforms while Chevron began shutdown procedures at four Gulf facilities.
Texas Fuel Prices
Statewide regular gasoline averaged $3.87 Thursday, with Dallas and Fort Worth-Arlington at $3.85, while diesel averaged $5.70.
Fuel Price Impact
Texas faces higher fuel prices due to offshore shutdowns, as crude oil supply disruptions affect regional fuel markets without direct storm impact.
The essence
Hurricane Isaias shut in 63% of U.S. Gulf oil output, threatening Texas fuel prices despite no direct hit.
