Wednesday, November 26, 2008

Natural Gas Inventory Report 11-26-08

Working gas in storage was 3,422 Bcf as of Friday, November 21, 2008, according to EIA estimates. This represents a net decline of 66 Bcf from the previous week. Stocks were 109 Bcf less than last year at this time and 88 Bcf above the 5-year average of 3,334 Bcf. In the East Region, stocks were 66 Bcf above the 5-year average following net withdrawals of 51 Bcf. Stocks in the Producing Region were 4 Bcf below the 5-year average of 969 Bcf after a net withdrawal of 9 Bcf. Stocks in the West Region were 26 Bcf above the 5-year average after a net drawdown of 6 Bcf. At 3,422 Bcf, total working gas is within the 5-year historical range.