Thursday, February 05, 2009

Natural Gas Inventory Report 2-5-09

Working gas in storage was 2,179 Bcf as of Friday, January 30, 2009, according to EIA estimates. This represents a net decline of 195 Bcf from the previous week. Stocks were 60 Bcf higher than last year at this time and 17 Bcf above the 5-year average of 2,162 Bcf. In the East Region, stocks were 118 Bcf below the 5-year average following net withdrawals of 125 Bcf. Stocks in the Producing Region were 80 Bcf above the 5-year average of 678 Bcf after a net withdrawal of 50 Bcf. Stocks in the West Region were 54 Bcf above the 5-year average after a net drawdown of 20 Bcf. At 2,179 Bcf, total working gas is within the 5-year historical range.