Natural Gas Inventory Report 1-29-09

Working gas in storage was 2,374 Bcf as of Friday, January 23, 2009, according to EIA estimates. This represents a net decline of 186 Bcf from the previous week. Stocks were 34 Bcf higher than last year at this time and 29 Bcf above the 5-year average of 2,345 Bcf. In the East Region, stocks were 110 Bcf below the 5-year average following net withdrawals of 131 Bcf. Stocks in the Producing Region were 85 Bcf above the 5-year average of 723 Bcf after a net withdrawal of 48 Bcf. Stocks in the West Region were 54 Bcf above the 5-year average after a net drawdown of 7 Bcf. At 2,374 Bcf, total working gas is within the 5-year historical range.