Thursday, August 16, 2007

Natural Gas Inventory Report 8-16-07

Working gas in storage was 2,903 Bcf as of Friday, August 10, 2007, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were 108 Bcf higher than last year at this time and 371 Bcf above the 5-year average of 2,532 Bcf. In the East Region, stocks were 143 Bcf above the 5-year average following net injections of 29 Bcf. Stocks in the Producing Region were 170 Bcf above the 5-year average of 749 Bcf after a net withdrawal of 13 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 5 Bcf. At 2,903 Bcf, total working gas is above the 5-year historical range.

EIA Natural Gas Storage Data
Lower 48 (08/10/07): 2,903 Bcf
Lower 48 (08/03/07): 2,882 Bcf
Implied net change: 21 Bcf
Year ago stocks: 2,795 Bcf
5-year avg stocks: 2,532
% dif to 5-yr avg: 14.7 %