Oil and gas companies in Texas began resuming business operations on Tuesday after Hurricane Beryl, which brought heavy rains and fierce winds to much of the southeastern state.
While some facilities experienced damage and power restoration was slow, the overall effect on production was anticipated to be minimal, according to Reuters.
Economic Damages of Hurricane Beryl
The hurricane made landfall near Matagorda on Monday, prompting energy companies to halt operations and leading to the closure of Texas' main ports and navigation channels.
By Tuesday, several ports had reopened, and many producers were working to resume output, though the pace was hampered by ongoing power issues affecting homes, businesses, and industrial customers.
AccuWeather's early estimates placed the total damage and economic loss from the hurricane in the US between $28 billion and $32 billion.
READ NEXT : Texas Energy Industry Evaluates Hurricane Beryl's Damages to Shipping Ports, Oil Production Sector
Over 1.8 Million Customers Have No Electricity Yet
According to PowerOutage.us, as of late Tuesday, over 1.8 million customers in Texas remained without electricity, including around 1.4 million served by CenterPoint Energy.
This number was significantly higher than the power outages experienced during a weather event in Houston in May, when it took over a week to completely resolve the issues in some neighborhoods.
Texas is the largest oil and gas-producing state, accounting for about 40% of the US oil and 20% of its gas output. It is also a major shipping and refining hub. Thus, any weather-related disturbance could affect crude and fuel production, exports, and imports.
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