Natural Gas Inventory Report 1-31-08

Record Decline In Natural Gas Inventories

Working gas in storage was 2,262 Bcf as of Friday, January 25, 2008, according to EIA estimates. This represents a net decline of 274 Bcf from the previous week. Stocks were 336 Bcf less than last year at this time and 85 Bcf above the 5-year average of 2,177 Bcf. In the East Region, stocks were 36 Bcf above the 5-year average following net withdrawals of 145 Bcf. Stocks in the Producing Region were 59 Bcf above the 5-year average of 661 Bcf after a net withdrawal of 89 Bcf. Stocks in the West Region were 11 Bcf below the 5-year average after a net drawdown of 40 Bcf. At 2,262 Bcf, total working gas is within the 5-year historical range.

Natural Gas prices are poised to move higher after recently bouncing off of the 50 day moving average.

Natural Gas Inventory Report 01-24-08

Working gas in storage was 2,536 Bcf as of Friday, January 18, 2008, according to EIA estimates. This represents a net decline of 155 Bcf from the previous week. Stocks were 247 Bcf less than last year at this time and 174 Bcf above the 5-year average of 2,362 Bcf. In the East Region, stocks were 59 Bcf above the 5-year average following net withdrawals of 80 Bcf. Stocks in the Producing Region were 102 Bcf above the 5-year average of 707 Bcf after a net withdrawal of 49 Bcf. Stocks in the West Region were 12 Bcf above the 5-year average after a net drawdown of 26 Bcf. At 2,536 Bcf, total working gas is within the 5-year historical range.

Natural Gas Inventory Report 01-17-08

Working gas in storage was 2,691 Bcf as of Friday, January 11, 2008, according to EIA estimates. This represents a net decline of 59 Bcf from the previous week. Stocks were 258 Bcf less than last year at this time and 168 Bcf above the 5-year average of 2,523 Bcf. In the East Region, stocks were 41 Bcf above the 5-year average following net withdrawals of 29 Bcf. Stocks in the Producing Region were 109 Bcf above the 5-year average of 749 Bcf after a net withdrawal of 6 Bcf. Stocks in the West Region were 18 Bcf above the 5-year average after a net drawdown of 24 Bcf. At 2,691 Bcf, total working gas is within the 5-year historical range.

Natural Gas Inventory Report 01-10-08

Working gas in storage was 2,750 Bcf as of Friday, January 4, 2008, according to EIA estimates. This represents a net decline of 171 Bcf from the previous week. Stocks were 282 Bcf less than last year at this time and 122 Bcf above the 5-year average of 2,628 Bcf. In the East Region, stocks were 7 Bcf above the 5-year average following net withdrawals of 93 Bcf. Stocks in the Producing Region were 89 Bcf above the 5-year average of 775 Bcf after a net withdrawal of 58 Bcf. Stocks in the West Region were 25 Bcf above the 5-year average after a net drawdown of 20 Bcf. At 2,750 Bcf, total working gas is within the 5-year historical range.

Natural Gas Prices Break Above 50dma

Working gas in storage was 2,921 Bcf as of Friday, December 28, 2007, according to EIA estimates. This represents a net decline of 87 Bcf from the previous week. Stocks were 160 Bcf less than last year at this time and 222 Bcf above the 5-year average of 2,699 Bcf. In the East Region, stocks were 52 Bcf above the 5-year average following net withdrawals of 53 Bcf. Stocks in the Producing Region were 137 Bcf above the 5-year average of 785 Bcf after a net withdrawal of 16 Bcf. Stocks in the West Region were 33 Bcf above the 5-year average after a net drawdown of 18 Bcf. At 2,921 Bcf, total working gas is within the 5-year historical range.