T-3 Energy Services, Inc. Provides Operational Status and Impact of Recent Hurricanes On Its Gulf Coast Manufacturing and Aftermarket Service Facilities

T-3 Energy Services, Inc. provided an update on its Gulf Coast manufacturing and aftermarket service facilities following its initial impact assessment of Hurricanes Gustav and Ike. T-3 Energy’s Gulf Coast operations include eight out of its twenty-one operating facilities located throughout North America. These facilities were impacted both by power loss and personnel evacuations. Taken together,... 

Olin Declares Force Majeure for Product Shipments from St. Gabriel, Louisiana

Olin Corporation announced that it has declared a force majeure for product shipments from its St. Gabriel, Louisiana facility until further notice. The force majeure was declared due to the continuing impacts of Hurricane Gustav. While the St. Gabriel plant suffered only minor damage as a result of the storm, it has only recently resumed limited operations due to continued issues with electrical power,... 

EPL Discusses Impact of Hurricane Gustav

Energy Partners, Ltd. provided an operational update regarding the impact of Hurricane Gustav on its production operations, including its preliminary damage assessment. The Company also commented on its preparations for Hurricane Ike. EPL safely evacuated all offshore personnel and shut in all production prior to the arrival of Hurricane Gustav. The Company has completed an initial assessment of damage... 

Mariner Energy Reports No Material Damage From Gustav

Mariner Energy, Inc. provided a preliminary update on the impact of Hurricane Gustav on the company’s Gulf of Mexico production and assets. The company has completed initial assessments of virtually all Mariner-operated offshore structures and received reports from most operators at its third-party operated assets. Based upon these assessments and reports, it does not appear that any of the structures... 

Stone Energy Corporation Announces Impact From Hurricane Gustav

Stone Energy Corporation provided an update on the impact of Hurricane Gustav on its operations. The adverse weather conditions associated with Hurricane Gustav resulted in substantially all offshore drilling and production activities in the Gulf of Mexico being suspended as of Saturday, August 30th. Stone safely evacuated all employee and contract personnel prior to the arrival of the storm. Net daily... 

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Swift Energy Reports on Current Impact from Hurricane Gustav

Swift Energy Company reported that an initial airplane fly-over of our coastal Louisiana properties is currently being coordinated to assess the impact of Hurricane Gustav. As previously announced on Thursday, Swift Energy began implementing standard shut-down procedures in its coastal Louisiana properties due to weather risks from then approaching Tropical Storm Gustav. With the subsequent strengthening... 

AAA Texas: In Gustav’s Aftermath, Gasoline Prices Remain Steady, Not Likely to Dramatically Increase

Retail gasoline prices in Texas remained steady from Sunday to Monday, increasing just less than 1/2 a penny from $3.522 to $3526. Nationally gas prices remained at $3.67 a gallon. There was no increase nationally from Sunday to Monday. Meanwhile, on international commodities markets, the price of light sweet crude oil, which is refined into gasoline, has dropped. Traders concluded it was unlikely... 

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