Thursday, November 06, 2008

Natural Gas Inventory Report 11-06-08

Working gas in storage was 3,405 Bcf as of Friday, October 31, 2008, according to EIA estimates. This represents a net increase of 12 Bcf from the previous week. Stocks were 130 Bcf less than last year at this time and 78 Bcf above the 5-year average of 3,327 Bcf. In the East Region, stocks were 74 Bcf above the 5-year average following net injections of 6 Bcf. Stocks in the Producing Region were 15 Bcf below the 5-year average of 953 Bcf after no net change in stock levels. Stocks in the West Region were 19 Bcf above the 5-year average after a net addition of 6 Bcf. At 3,405 Bcf, total working gas is within the 5-year historical range.