Natural Gas Inventory Report 12-24-08

Working gas in storage was 3,020 Bcf as of Friday, December 19, 2008, according to EIA estimates. This represents a net decline of 147 Bcf from the previous week. Stocks were 35 Bcf less than last year at this time and 99 Bcf above the 5-year average of 2,921 Bcf. In the East Region, stocks were 15 Bcf above the 5-year average following net withdrawals of 91 Bcf. Stocks in the Producing Region were 48 Bcf above the 5-year average of 861 Bcf after a net withdrawal of 24 Bcf. Stocks in the West Region were 37 Bcf above the 5-year average after a net drawdown of 32 Bcf. At 3,020 Bcf, total working gas is within the 5-year historical range.