Thursday, April 03, 2008

Natural Gas Inventory Report 4-03-08

Working gas in storage was 1,248 Bcf as of Friday, March 28, 2008, according to EIA estimates. This represents a net decline of 29 Bcf from the previous week. Stocks were 304 Bcf less than last year at this time and 6 Bcf above the 5-year average of 1,242 Bcf. In the East Region, stocks were 2 Bcf below the 5-year average following net withdrawals of 32 Bcf. Stocks in the Producing Region were 33 Bcf above the 5-year average of 465 Bcf after a net injection of 4 Bcf. Stocks in the West Region were 25 Bcf below the 5-year average after a net drawdown of 1 Bcf. At 1,248 Bcf, total working gas is within the 5-year historical range.