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Porscha. I'm no expert at supply and demand in this sector. But the article below states some supplies were affected, and gives another example of how it really affects the sector.
Waiting for more. LOL!

U.S. Gulf storm cuts at least 15 pct of gas supply
Tuesday July 15, 1:56 pm ET
By Joseph Silha


NEW YORK, July 15 (Reuters) - U.S. Gulf of Mexico pipeline operators said Tuesday that Hurricane Claudette had forced offshore natural gas producers to cut more supplies from their systems as platform crews were evacuated ahead of the storm.



Sources said the volume of gas production shut Tuesday was likely to exceed 2 billion cubic feet, or about 15 percent of the 14 bcf produced daily from the region's offshore rigs.

While supply cuts today were up sharply from Monday's U.S. Minerals Management Service estimate of 1 bcf, they pale in comparison to Hurricane Lili, which tore through key offshore fields last October, cutting about 10 bcf, or more than 70 percent of total Gulf of Mexico output.

Claudette, a far less powerful storm than Lili, was seen causing little damage to offshore gas lines or platforms as it slammed into the Texas coast midday at Matagorda Bay, packing winds of 80 miles per hour.

The National Hurricane Center in Miami said it expected the storm to weaken as it moved further inland.

Among the biggest production cuts was the 1 billion cubic feet a day reported Tuesday by Williams Cos. (NYSE:WMB - News) on its huge 7.7 bcfd Transco pipeline system, a main supply line to major Southeast and Northeast markets. The cuts were up from 400 million cubic feet a day reported Monday.

"We're still seeing production losses. We don't anticipate any interruption of market area deliveries. We're utilizing storage and line pack to keep deliveries whole," a company spokesman said, adding he expected to see some output back by Wednesday afternoon.

OTHER PIPES CUT

A Duke Energy Corp. (NYSE:DUK - News) spokeswoman said producers had cut about 400 million cubic feet of supply from its 5.9 bcfd Texas Eastern pipeline system, up sharply from just 38 mmcf Monday.

A spokeswoman for Florida Gas Transmission, jointly owned by Enron Corp. (Other OTC:ENRNQ.PK - News) and El Paso Corp. (NYSE:EP - News), said about 200 mmcf had been trimmed on its 2.1 bcfd system that flows gas from Texas to Florida and interconnects with several major interstate lines.

On Monday, FGT reported no producer shut-ins.

In addition, Kinder Morgan (NYSE:KMI - News) said there was a "small amount" of offshore supply cut on its 5.7 bcfd NGPL pipeline from Texas and Louisiana fields to the Midwest.

SOME PIPES UNAFFECTED

But several pipelines were still reporting little or no impact from the storm.

El Paso Corp. (NYSE:EP - News) reported no shut ins on its three major interstate pipeline, ANR, Southern Natural and Tennessee.

And a spokesman for Texas Gas Transmission, owned by Loew's Corp. (NYSE:LTR - News), said the storm had only a minimal impact on its 2.7 bcfd system.

The Minerals Management Service estimated that from Friday through Monday, U.S. Gulf of Mexico gas producers had shut in a total of 2.4 bcf as a precaution against the storm.

With further cuts today and some gas likely to still be shut in Wednesday as crews slowly return to offshore platforms, industry sources estimate Claudette will trim more than 6 bcf of Gulf of Mexico gas output.

Last October, Lili, which grew to a ferocious category 4 hurricane with winds of 145 mph, damaged several offshore rigs and production facilities and cut some 45 bcf of gas supplies over six days.