That is very distant for those people and a very drastic weather change as well.
by: OilOnline
Wednesday, September 07, 2005
Penn Virginia Corporation has reported the operational impact from Hurricane Katrina on the Company's operations in Mississippi and south Louisiana. As a precaution, on August 28, the day before the arrival of Katrina, approximately 13.6 million cubic feet equivalent (Mmcfe) per day, or approximately 17 percent of the Company's total daily production, was shut in. As of September 6, all but approximately 2.9 Mmcfe per day had been turned back in line. The preliminary estimated impact on Penn Virginia's production is expected to be a reduction of 100 to 150 Mmcfe, or less than one percent of the latest 2005 production guidance provided by the Company.
In Mississippi, the Company's Baxterville and Maxie fields in Marion, Lamar and Forrest counties were shut in. Daily net production from these fields was approximately 10.7 Mmcfe prior to Katrina. Damage to these fields was minor. At this time only the Maxie field, comprising approximately 0.5 Mmcfe per day, remains shut in due to scarcity of fuel needed by third party well maintenance contractors. The Company expects the Maxie field to be back in line by September 11. The Company's production in the Gwinville field in Jefferson Davis County was not materially affected by the hurricane.
In south Louisiana, the Company's non-operated Stella field in Plaquemines Parish, which was making approximately 2.4 Mmcfe per day net to the Company prior to Katrina, has been shut in since August 28. The operator of this field has not been able to completely evaluate the extent of damage, if any, due to lack of access to the field. The Company estimates that it will be a few weeks before production in this field resumes. Production from the Company's remaining fields in south Louisiana, all of which are outside operated, is believed to have been only minimally affected by the hurricane.
In addition to the production disruption, three drilling rigs in Mississippi discontinued operations as a result of the hurricane. Two rigs in the Gwinville field and a rig in the Baxterville field resumed drilling on September 7. This interruption should not impact completion of the Company's projected 85 well Mississippi drilling program.
"That is very distant for those people and a very drastic weather change as well."
Yes, it sure is. I just feel bad for you Texans.