BP (NYSE:BP) said they have no expectations Tropical Storm Hermine will have any affect on their offshore oil operations, with no production being impacted at this time.
Hermine began forming on Monday morning, and is expected to hit landfall later on Monday near the Texas, Mexican border.
As Hermine makes landfall it's possible it'll reach hurricane strength.
The good news for the oil and gas companies it is forecast to move far away from the major region of the Gulf of Mexico offshore production areas, which accounts for about 30 percent of all crude oil production in the U.S.
More of a concern would be the impact of Hermine when it reaches areas with refineries on land.
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