Natural Gas Inventory Report 12-04-08

Working gas in storage was 3,358 Bcf as of Friday, November 28, 2008, according to EIA estimates. This represents a net decline of 64 Bcf from the previous week. Stocks were 107 Bcf less than last year at this time and 69 Bcf above the 5-year average of 3,289 Bcf. In the East Region, stocks were 31 Bcf above the 5-year average following net withdrawals of 61 Bcf. Stocks in the Producing Region were 4 Bcf above the 5-year average of 959 Bcf after a net withdrawal of 2 Bcf. Stocks in the West Region were 34 Bcf above the 5-year average after a net drawdown of 1 Bcf. At 3,358 Bcf, total working gas is within the 5-year historical range.