Thursday, May 15, 2008

Natural Gas Inventory Report 5-15-08

Working gas in storage was 1,529 Bcf as of Friday, May 9, 2008, according to EIA estimates. This represents a net increase of 93 Bcf from the previous week. Stocks were 286 Bcf less than last year at this time and 3 Bcf above the 5-year average of 1,526 Bcf. In the East Region, stocks were 16 Bcf above the 5-year average following net injections of 53 Bcf. Stocks in the Producing Region were 16 Bcf above the 5-year average of 560 Bcf after a net injection of 27 Bcf. Stocks in the West Region were 29 Bcf below the 5-year average after a net addition of 13 Bcf. At 1,529 Bcf, total working gas is within the 5-year historical range.