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Posts Tagged ‘hurricane season’

What’s Happening With Tropical Storm Bonnie

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The depression in the Gulf developed into a tropical storm last night and moved across southern Florida today. The tropical storm, named Bonnie, is fairly weak with sustained winds only around 40 mph. If Tropical Storm Bonnie doesn’t dissipate over the weekend, it is expected to hit land near southeast Louisiana. No major impacts to production are anticipated. Traders appear to agree with this forecast considering that NYMEX Natural Gas prices are off 6 cents today to settle at $4.58 for the week.

No other tropical development is expected in the near term. However, 2010 is likely to have an active hurricane season…
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The Implications of Hurricane Alex

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What started out as a tropical storm became Hurricane Alex, the first June hurricane to hit the Gulf in 15 years.

The storm season typically begins later in the summer, and this early activity is evidence of La Niña conditions. A La Niña pattern consists of cool Pacific water temperatures, which recently have been steady near -0.5C below normal. Alex reached land overnight in Mexico, missing the producing region. 

However, nearly 1 Bcf/d of production was shut in due to platform evacuations in anticipation of the storm.  While no other storms are approaching in the…
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