Thursday, December 06, 2007

Natural Gas Inventory Report 12-06-07

Working gas in storage was 3,440 Bcf as of Friday, November 30, 2007, according to EIA estimates. This represents a net decline of 88 Bcf from the previous week. Stocks were 32 Bcf higher than last year at this time and 273 Bcf above the 5-year average of 3,167 Bcf. In the East Region, stocks were 84 Bcf above the 5-year average following net withdrawals of 45 Bcf. Stocks in the Producing Region were 143 Bcf above the 5-year average of 902 Bcf after a net withdrawal of 29 Bcf. Stocks in the West Region were 46 Bcf above the 5-year average after a net drawdown of 14 Bcf. At 3,440 Bcf, total working gas is above the 5-year historical range.