MMS Update
Posted by Prof. Goose on September 8, 2005 - 1:03pm
Topic: Supply/Production
Charles, in the comments of a couple of posts back asks a very good question:
I'm wondering if anyone else caught today's shut-in statistics at http://www.mms.gov/ooc/press/2005/press0908.htm. It seems that there's actually more oil shut-in today than there was yesterday; 60.12% as opposed to 57.37% yesterday.Also, let's not forget about the GOMEX predictions of 85.6% shut-in for <10days, 50.1% for 10-30 days, and 26.1% for 30-60 days and 21.1% for >60 days. (NG was 59-29-12-4 over the same intervals).Also, they've stopped reporting the 'good news' of production improvement. No surprise there. The data that I have look like this:
Oil shut-in: 9/5 - 69.57%, 9/6 - 58.02%, 9/7 - 57.37%, 9/8 - 60.12%
Gas shut-in: 9/5 - 54.13%, 9/6 - 41.60%, 9/7 - 40.36%, 9/8 - 40.20%




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