Thursday, November 15, 2007

Natural Gas Inventory Report 11-15-07

Working gas in storage was 3,536 Bcf as of Friday, November 9, 2007, according to EIA estimates. This represents a net decline of 9 Bcf from the previous week. Stocks were 87 Bcf higher than last year at this time and 273 Bcf above the 5-year average of 3,263 Bcf. In the East Region, stocks were 92 Bcf above the 5-year average following net withdrawals of 15 Bcf. Stocks in the Producing Region were 139 Bcf above the 5-year average of 924 Bcf no net change in stock levels. Stocks in the West Region were 43 Bcf above the 5-year average after a net addition of 6 Bcf. At 3,536 Bcf, total working gas is above the 5-year historical range.