Oil & Gas Pro

EIA: Natural Gas Storage Report - Week Ending 1/25

Summary

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.

Tags: EIA, gas, natural, storage

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Oil & Gas ProPermalink Reply by Dion Warr, CPL on January 31, 2013 at 6:56

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.


landownerPermalink Reply by JHH on January 31, 2013 at 10:59

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!

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