Thursday, February 21, 2008

Natural Gas Inventory Report 2-21-08

Working gas in storage was 1,770 Bcf as of Friday, February 15, 2008, according to EIA estimates. This represents a net decline of 172 Bcf from the previous week. Stocks were 127 Bcf less than last year at this time and 97 Bcf above the 5-year average of 1,673 Bcf. In the East Region, stocks were 52 Bcf above the 5-year average following net withdrawals of 120 Bcf. Stocks in the Producing Region were 78 Bcf above the 5-year average of 528 Bcf after a net withdrawal of 37 Bcf. Stocks in the West Region were 32 Bcf below the 5-year average after a net drawdown of 15 Bcf. At 1,770 Bcf, total working gas is within the 5-year historical range.