Chevron, Marathon Oil Corp, and Exxon Mobil Corp Gulf Coast Oil and Gas Production Reported Unharmed in Ida

HOUSTON, Nov. 10 /PRNewswire/ — Winning Strategies (www.winningstrategies.net) Editor Tim Connolly reported today that Tropical Storm Ida continues its weakness on landfall in the Gulf of Mexico and the National Hurricane Center now reports that all storm warnings have been discontinued as of 9:00 a.m. ET.

Major producers Chevron, Marathon Oil Corp, and Exxon Mobil Corp had temporarily shut down some production and evacuated some personnel as a precaution by late on Sunday. Industry sources now say that oil and gas production suffered no significant loss of production from the storm, as the National Hurricane Center reports further weakening of Ida this morning.

“With Ida’s continued weakening, most offshore oil rigs in the Gulf would not see any damage”, said Jim Rouiller, senior energy meteorologist at private forecaster Planalytics Inc. “I think that by tomorrow it will be normal operations across the production region,” Rouiller said on Monday.

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Tim Connolly’s Winning Strategies (www.winningstrategies.net), formerly Corporate Strategies, is a network of financial news resources that provides you with the Low-Risk, High-Reward Strategies for Success necessary to succeed in today’s fast-changing, competitive investment and business environment. Tim has interviewed many national experts and thought leaders including former SEC Chairman Arthur Levitt, CNBC’s Mad Money’s Jim Cramer, Fast Money’s Guy Adamo, billion dollar money managers Ken Fisher and Mario Gabelli, U.S. Senator and former Presidential candidate John McCain, Enterprise Products Chairman and CEO Dan Duncan, FOX-TV commentator Tobin Smith and First Lady of Wall Street Muriel “Mickey” Siebert, the first woman to be granted a seat on the New York Stock Exchange, among many others.

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