Natural Gas Inventory Report 12-31-08

Working gas in storage was 2,877 Bcf as of Friday, December 26, 2008, according to EIA estimates. This represents a net decline of 143 Bcf from the previous week. Stocks were 69 Bcf less than last year at this time and 56 Bcf above the 5-year average of 2,821 Bcf. In the East Region, stocks were 19 Bcf below the 5-year average following net withdrawals of 100 Bcf. Stocks in the Producing Region were 49 Bcf above the 5-year average of 839 Bcf after a net withdrawal of 21 Bcf. Stocks in the West Region were 26 Bcf above the 5-year average after a net drawdown of 22 Bcf. At 2,877 Bcf, total working gas is within the 5-year historical range.