Oil & Gas Pro

Natural Gas Storage Report - 1001 BCF in storage as of last week...

http://ir.eia.gov/ngs/ngs.html

Well, my guess of ending the season above 1 TCF in storage is wrong - we went down 195 BCF last week, to 1001 BCF (or 1.001 TCF).  We will certainly have withdrawal over the period covering this week.

Place your bets, where to we fall?

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Permalink Reply by desotoguy on March 18, 2014 at 3:26

Supposed to have another polar vortex over the lower 48 next week and long term forecasts are showing it to be record breaking cold in April.


landownerPermalink Reply by adubu on March 20, 2014 at 3:35

draw only 48 bcf for week--so may only get down to about 900 bcf in storage if small draws next two weeks

Permalink Reply by tc on March 20, 2014 at 11:28

At this time of the year its almost as good to delay the large spring injections.  If we can get 4-6 weeks of small withdraws & injections, it should help prices later in the summer.

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