Natural Gas Inventory Report 2-07-08

Working gas in storage was 2,062 Bcf as of Friday, February 1, 2008, according to EIA estimates. This represents a net decline of 200 Bcf from the previous week. Stocks were 317 Bcf less than last year at this time and 62 Bcf above the 5-year average of 2,000 Bcf. In the East Region, stocks were 32 Bcf above the 5-year average following net withdrawals of 119 Bcf. Stocks in the Producing Region were 54 Bcf above the 5-year average of 616 Bcf after a net withdrawal of 50 Bcf. Stocks in the West Region were 25 Bcf below the 5-year average after a net drawdown of 31 Bcf. At 2,062 Bcf, total working gas is within the 5-year historical range.