With Gulf of Mexico (GOM) production starting to ramp up again after Hurricane Dennis proved to be just as much a hit-and-run storm as predecessors Arlene and Cindy (see related story), traders sent prices lower, mostly by substantial amounts, at nearly all eastern points Monday. The West was more of a mixed bag, with several instances of flatness bracketed by gains as large as nearly 20 cents and losses of up to about 20 cents.
Arlene
Articles from Arlene
Risk Modeling Firm Predicts 1-in-3 Chance of ‘Large Hurricane Catastrophe-Losses’ in ’05
While Tropical Storm Arlene failed to develop into a significant storm such as Hurricane Ivan in 2004, a review of hurricane trends show that there is more than a one in three chance of large hurricane catastrophe-losses in the United States in the current season, according to EQECAT Inc., an extreme risk modeling firm.
June 16, 2005
MMS Tallies Final Production Losses from Arlene
In its final report on Tropical Storm Arlene, the Minerals Management Service (MMS) Tuesday said there remained one platform that was still evacuated in the Gulf of Mexico (GOM), along with 59 MMcf/d of shut-in natural gas and 5,696 bbl/d of crude oil. Only four producers reported losses to the MMS.
June 15, 2005
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