Kerr-McGee estimates hurricane effect on production

Wednesday, September 28th 2005, 2:04 pm

By: News On 6

SAN FRANCISCO (AP) -- Oklahoma City-based oil and gas producer Kerr-McGee says Hurricanes Rita and Katrina will cut its oil and gas production by nearly 3-million barrels of oil.

Kerr-McGee vice president Rick Buterbaugh says oil and gas output will be down about 1.2-million barrels in the third quarter and about 1.7-million in the fourth quarter.

Buterbaugh says crews are returning to company facilities in the Gulf Coast to continue inspecting them for damage before production resumes.

Kerr-McGee expects to be producing about 60-thousand barrels of oil a day by the end of the week. The number is about half the company's production before the hurricanes.