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Hurricane Effects on Energy Production.

Publication: Finance Wire

Publication Date: 22-SEP-05
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COPYRIGHT 2005 Voxant Inc.

Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

MARIA BARTIROMO, CNBC ANCHOR: Ron, rig evacuations in the Gulf of Mexico combined with lingering outages from Hurricane Katrina has significantly impacted oil and gasoline production in the United States. What does rig capping entail? With us now on CNBC NEWSLINE is Al Reese. He`s CFO at ATP Oil and Gas. He joins us from the Woodlands, Texas, about 35 miles north of Houston. He`s on the telephone.

Sir, good to have you with us.

AL REESE, CFO, ATP OIL AND GAS: Hello, Maria. I apologize for having to do this by telephone, but I think we all agree it`s probably by far the safest thing to do today with Houston essentially under an evacuation plan right now.

BARTIROMO: Absolutely, Mr. Reese. So can you give us a status check, exactly what`s happening at this point in your region, 35 miles from really the major evacuations are going on? What can you tell us? What`s new now?

REESE: Well, essentially, right now, it`s a beautiful day...

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