Thursday, September 25, 2008

Natural Gas Inventory Report 9-25-08

Working gas in storage was 3,023 Bcf as of Friday, September 19, 2008, according to EIA estimates. This represents a net increase of 51 Bcf from the previous week. Stocks were 162 Bcf less than last year at this time and 35 Bcf above the 5-year average of 2,988 Bcf. In the East Region, stocks were 69 Bcf above the 5-year average following net injections of 33 Bcf. Stocks in the Producing Region were 46 Bcf below the 5-year average of 854 Bcf after a net injection of 6 Bcf. Stocks in the West Region were 12 Bcf above the 5-year average after a net addition of 12 Bcf. At 3,023 Bcf, total working gas is within the 5-year historical range.

Tuesday, September 23, 2008

Natural Gas Gains 2.53%

Chesapeake Energy (NYSE CHK) said in a news release Monday it would reduce capital expenditures by 17 percent because of a decrease in natural gas prices and concerns about the possibility of a gas surplus.

Of the total, $800 million affects the company's recent joint venture with BP America in the Fayetteville Shale in north-central Arkansas, Chesapeake said.

Chesapeake is one of several oil and gas exploration companies drilling in the Fayetteville Shale since the underground gas reserve was deemed commercially viable in 2002.

Thursday, September 18, 2008

Natural Gas Inventory Report 9-18-08

Working gas in storage was 2,972 Bcf as of Friday, September 12, 2008, according to EIA estimates. This represents a net increase of 67 Bcf from the previous week. Stocks were 142 Bcf less than last year at this time and 61 Bcf above the 5-year average of 2,911 Bcf. In the East Region, stocks were 86 Bcf above the 5-year average following net injections of 48 Bcf. Stocks in the Producing Region were 33 Bcf below the 5-year average of 835 Bcf a net injection of 7 Bcf. Stocks in the West Region were 9 Bcf above the 5-year average after a net addition of 12 Bcf. At 2,972 Bcf, total working gas is within the 5-year historical range.

Thursday, September 11, 2008

Natural Gas Inventory Report 9-11-08

Working gas in storage was 2,905 Bcf as of Friday, September 5, 2008, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. Stocks were 146 Bcf less than last year at this time and 82 Bcf above the 5-year average of 2,823 Bcf. In the East Region, stocks were 94 Bcf above the 5-year average following net injections of 47 Bcf. Stocks in the Producing Region were 18 Bcf below the 5-year average of 813 Bcf a net injection of 2 Bcf. Stocks in the West Region were 6 Bcf above the 5-year average after a net addition of 9 Bcf. At 2,905 Bcf, total working gas is within the 5-year historical range.

Thursday, September 04, 2008

Natural Gas Inventory Report 9-04-08

Working gas in storage was 2,847 Bcf as of Friday, August 29, 2008, according to EIA estimates. This represents a net increase of 90 Bcf from the previous week. Stocks were 148 Bcf less than last year at this time and 102 Bcf above the 5-year average of 2,745 Bcf. In the East Region, stocks were 100 Bcf above the 5-year average following net injections of 67 Bcf. Stocks in the Producing Region were 1 Bcf below the 5-year average of 794 Bcf a net injection of 16 Bcf. Stocks in the West Region were 3 Bcf above the 5-year average after a net addition of 7 Bcf. At 2,847 Bcf, total working gas is within the 5-year historical range.