Baytex Energy Corp T.BTE

Hurricane Francis

[Retired13]

The storm was moving off the southern Texas coast and expected to make landfall on Wednesday near Thibodaux in Louisiana. Its path promises a major test for liquefied natural gas (LNG) export plants recently built in the region.

Energy companies shut-in 412,070 barrels per day of oil production, about 24% of the U.S. Gulf of Mexico production, and evacuated staff from 130 production platforms, U.S. offshore regulator Bureau of Safety and Environmental Enforcement said on Tuesday.

[robert41]

These storms mean nothing a minor inconvenience just like winter cold snaps for nat gas. Not even worth a discussion. Sorry but seriously.

[InvestSmarter]

Oil price confirms it's a nothing burger. Only around 30k bpd currently shut down in Gulf.

[InvestSmarter]

Oops. 412,070 barrels a day are turned off in the gulf right now.

[stock_for_gold]

I've worked in the Gulf of Mexico, it's not just the shut down of oil but the damage that these hurricanes can do to the rigs and infrastructures for the long term.