Question-and-Answer Session
Operator
Thank you, sir. We will now begin the question-and-answer session. (Operator instructions) Our first question is from the line of Teresa Fox [ph] with Stone Harbor [ph]. Please go ahead.
Teresa Fox – Stone Harbor
Thank you. Could you explain your wholesale reduction in carrying volume for your inventory, please? And one more after that.
Jeff McParland
Yes. We carry our inventories at basically a lower of cost for market method. And the value of those inventories purchased for most of the third quarter were purchased at cost above the prices across the end of the quarter and into the first part of October.
Teresa Fox – Stone Harbor
How big was the – sorry. How big was that price listed?
Jeff McParland
Pardon me?
Teresa Fox – Stone Harbor
Could you quantify that price list?
Jeff McParland
The prices in October, on a weighted average barrel basis were probably something and roughly to $0.70 area. And the purchases in the first part of the quarter would have been almost double that amount.
Teresa Fox – Stone Harbor
Oh I see. You’re going–
Michael Heim
Ter, it’s Michael. I’d say it’s fair value.
Jeff McParland
Those are very broad scoped numbers. But if you were to look at – and that’s saying the price – or propane price at OPUS or natural gasoline price, you could see that kind of a movement, reductions of 40% to 60%, and various NGL components across the front end of the third quarter into the October timeframe.
The dislocation in prices is of a greater magnitude than the precipitous drop in West Texas proved over the same period as NGL prices have moved further south and dislocated from the relationship to group.
Teresa Fox – Stone Harbor
Okay. And could you refresh our memory? How much is the floating in gas projects again? How much do you intend to invest?
Rene Joyce
That would be about a $600 million project.
Teresa Fox – Stone Harbor
Okay. Thank you.
Operator
Thank you. And our next question is from the line Gary Stromberg with Barclays Capital. Please go ahead.
Chris – Barclays Capital
Hey, good morning, guys.
Rene Joyce
Good morning, Gary.
Chris – Barclays Capital
This is actually Chris [ph] on the call, actually. But for hurricane disruptions for the third quarter, can you quantify that impact EBITDA for the quarter? And how much of that is expected to kind of continue into the fourth quarter related to Stingray and Barracuda operations that have been disrupted?
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