Oil, Gas Production Curtailed in Gulf - Wall Street Journal

Tropical Storm Lee roiled the Gulf of Mexico south of the Louisiana coast on Friday, forcing oil and gas producers to halt operations and threatening to cause extensive flooding in New Orleans and parts of Louisiana, Mississippi and Alabama.

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Lee's slow and erratic movement could cause it to meander in the Gulf Coast region for days, flooding low-lying areas. "You're going to have a pile-up of water," said Ken Graham, a meteorologist for the National Weather Service in New Orleans, on the conference call.

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The storm forced oil and gas producers to shut down almost half of the oil production and one-third of the natural-gas output in the Gulf on Friday, according to the Bureau of Ocean Energy Management, Regulation and Enforcement. They also evacuated personnel from more than a quarter of the manned operating platforms, the agency said.

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Oil, Gas Production Curtailed in Gulf - Wall Street Journal