Natural Gas Inventory Report 6-26-08

Working gas in storage was 2,033 Bcf as of Friday, June 20, 2008, according to EIA estimates. This represents a net increase of 90 Bcf from the previous week. Stocks were 382 Bcf less than last year at this time and 56 Bcf below the 5-year average of 2,089 Bcf. In the East Region, stocks were 26 Bcf below the 5-year average following net injections of 62 Bcf. Stocks in the Producing Region were 4 Bcf below the 5-year average of 689 Bcf a net injection of 18 Bcf. Stocks in the West Region were 26 Bcf below the 5-year average after a net addition of 10 Bcf. At 2,033 Bcf, total working gas is within the 5-year historical range.

July natural gas futures rose 13.3 cents to settle at $12.994 per 1,000 cubic feet in trading on the NYMEX.

Natural Gas Inventory Report 6-19-08

Working gas in storage was 1,943 Bcf as of Friday, June 13, 2008, according to EIA estimates. This represents a net increase of 57 Bcf from the previous week. Stocks were 376 Bcf less than last year at this time and 52 Bcf below the 5-year average of 1,995 Bcf. In the East Region, stocks were 27 Bcf below the 5-year average following net injections of 38 Bcf. Stocks in the Producing Region were 1 Bcf below the 5-year average of 668 Bcf a net injection of 7 Bcf. Stocks in the West Region were 24 Bcf below the 5-year average after a net addition of 12 Bcf. At 1,943 Bcf, total working gas is within the 5-year historical range.

July natural gas futures fell 13 cents to $12.668 per 1,000 cubic feet.

Natural Gas Inventory Report 6-12-08

Working gas in storage was 1,886 Bcf as of Friday, June 6, 2008, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 343 Bcf less than last year at this time and 19 Bcf below the 5-year average of 1,905 Bcf. In the East Region, stocks were 6 Bcf below the 5-year average following net injections of 54 Bcf. Stocks in the Producing Region were 11 Bcf above the 5-year average of 649 Bcf a net injection of 10 Bcf. Stocks in the West Region were 23 Bcf below the 5-year average after a net addition of 16 Bcf. At 1,886 Bcf, total working gas is within the 5-year historical range.

CHK Poised To Become Largest Natural Gas Producer

NEW YORK (Associated Press) - Chesapeake Energy Corp. is poised to soon become the largest producer of U.S. natural gas, the company's chairman and chief executive officer said Friday.

Speaking at the company's annual shareholders meeting, Aubrey McClendon said he expects the company's gas production to surpass that of the top two producers, BP PLC and Anadarko Petroleum Corp., within the next two months.

McClendon said Chesapeake's daily gas production during the first quarter of this year was only 86 million cubic feet, or MMcf, behind that of BP PLC. Chesapeake's average daily production in 2007 was 1,957 MMcf per day, a 23 percent increase over the previous year.
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Natural Gas Prices Continue To Surge

Natural gas futures gained 25 cents to $12.769 per 1,000 cubic feet in trading on the NYMEX.

Natural Gas Inventory Report 6-05-08

Working gas in storage was 1,806 Bcf as of Friday, May 30, 2008, according to EIA estimates. This represents a net increase of 105 Bcf from the previous week. Stocks were 326 Bcf less than last year at this time and 1 Bcf below the 5-year average of 1,807 Bcf. In the East Region, stocks were 1 Bcf above the 5-year average following net injections of 60 Bcf. Stocks in the Producing Region were 24 Bcf above the 5-year average of 626 Bcf a net injection of 28 Bcf. Stocks in the West Region were 26 Bcf below the 5-year average after a net addition of 17 Bcf. At 1,806 Bcf, total working gas is within the 5-year historical range.

Natural Gas Continues Price Breakout

July natural gas futures are currently trading up 7.6 cents to $12.297 on the NYMEX.