Working gas in storage was 2,802 Bcf as of Friday, January 25, 2013, according to EIA estimates. This represents a net decline of 194 Bcf from the previous week. Stocks were 202 Bcf less than last year at this time and 304 Bcf above the 5-year average of 2,498 Bcf. In the East Region, stocks were 102 Bcf above the 5-year average following net withdrawals of 129 Bcf. Stocks in the Producing Region were 153 Bcf above the 5-year average of 860 Bcf after a net withdrawal of 47 Bcf. Stocks in the West Region were 49 Bcf above the 5-year average after a net drawdown of 18 Bcf. At 2,802 Bcf, total working gas is within the 5-year historical range.
Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2008 through 2012.
Source: Form EIA-912, "Weekly Underground Natural Gas Storage Report." The dashed vertical lines indicate current and year-ago weekly periods.
Storage levels continue to trend back to the five-year average and away from record storage levels that had held for almost all of last year. Nearly 2/3 of the drawdown was from the East region.
The early weather outlooks predicted a colder than normal winter for the east... hopefully they'll get even colder and some of that will move south... that was predicted to be about the same or a little warmer that usual... but wetter. we need the rain... they need the ice.
works out well!
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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