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.