Hurricane Barry makes landfall as Southeast natural gas production hits 2019 low

S&P Global Platts | Jul 13, 2019 at 11:39 PM
  • Hurricane Barry hit the shores of Louisiana as a Category 1 hurricane late Saturday morning as total Southeast natural gas production fell to its lowest mark of the year, according to Saturday’s preliminary estimates; however, total offshore production has already begun to recover.
  • The decline in total Southeast power burn demand also continued as demand fell 0.6 Bcf/d day on day, pushing total demand reduction to 1.7 Bcf/d since the week-high mark set Wednesday of 13.4 Bcf/d.
  • Since falling to 2.9 Bcf/d of feedgas demand on Thursday, marking the lowest levels since Sabine Pass underwent maintenance in mid-April, deliveries to the facility have rebounded back to 30-day levels, reaching 3.7 Bcf/d on Saturday.