Thursday, March 12, 2009

Natural Gas Inventory Report 3-12-09

Working gas in storage was 1,681 Bcf as of Friday, March 6, 2009, according to EIA estimates. This represents a net decline of 112 Bcf from the previous week. Stocks were 271 Bcf higher than last year at this time and 197 Bcf above the 5-year average of 1,484 Bcf. In the East Region, stocks were 55 Bcf below the 5-year average following net withdrawals of 90 Bcf. Stocks in the Producing Region were 168 Bcf above the 5-year average of 522 Bcf after a net withdrawal of 18 Bcf. Stocks in the West Region were 83 Bcf above the 5-year average after a net drawdown of 4 Bcf. At 1,681 Bcf, total working gas is within the 5-year historical range.