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.