Natural Gas Inventory Report 2-28-08

Working gas in storage was 1,619 Bcf as of Friday, February 22, 2008, according to EIA estimates. This represents a net decline of 151 Bcf from the previous week. Stocks were 133 Bcf less than last year at this time and 87 Bcf above the 5-year average of 1,532 Bcf. In the East Region, stocks were 42 Bcf above the 5-year average following net withdrawals of 100 Bcf. Stocks in the Producing Region were 77 Bcf above the 5-year average of 494 Bcf after a net withdrawal of 35 Bcf. Stocks in the West Region were 32 Bcf below the 5-year average after a net drawdown of 16 Bcf. At 1,619 Bcf, total working gas is within the 5-year historical range.