Thursday, December 31, 2009

Natural Gas Inventory Report 12-31-09

Working gas in storage was 3,276 Bcf as of Friday, December 25, 2009, according to EIA estimates. This represents a net decline of 124 Bcf from the previous week. Stocks were 379 Bcf higher than last year at this time and 391 Bcf above the 5-year average of 2,885 Bcf. In the East Region, stocks were 150 Bcf above the 5-year average following net withdrawals of 90 Bcf. Stocks in the Producing Region were 176 Bcf above the 5-year average of 868 Bcf after a net withdrawal of 23 Bcf. Stocks in the West Region were 65 Bcf above the 5-year average after a net drawdown of 11 Bcf. At 3,276 Bcf, total working gas is above the 5-year historical range.

Thursday, December 24, 2009

Natural Gas Inventory Report 12-24-09

Working gas in storage was 3,400 Bcf as of Friday, December 18, 2009, according to EIA estimates. This represents a net decline of 166 Bcf from the previous week. Stocks were 359 Bcf higher than last year at this time and 395 Bcf above the 5-year average of 3,005 Bcf. In the East Region, stocks were 162 Bcf above the 5-year average following net withdrawals of 99 Bcf. Stocks in the Producing Region were 174 Bcf above the 5-year average of 893 Bcf after a net withdrawal of 53 Bcf. Stocks in the West Region were 60 Bcf above the 5-year average after a net drawdown of 14 Bcf. At 3,400 Bcf, total working gas is above the 5-year historical range.

Thursday, December 17, 2009

Natural Gas Prices Move Higher On Record Supply Decline

Natural gas for January delivery is up 6 percent to $5.796 per 1,000 cubic feet in trading on the New York Mercantile Exchange.

Natural gas supplies fell by 207 billion cubic feet last week, a record decline for this point in the season.

Record cold temperatures throughout the natural gas consuming regions of the U.S. have led to a dramatic spike in natural gas demand.

Natural gas supplies remain 14 percent above the 5 year seasonal average after a long period of inventory builds resulting from a lack of demand in the industrial sector.

Natural Gas Inventory Report 12-17-09

Working gas in storage was 3,566 Bcf as of Friday, December 11, 2009, according to EIA estimates. This represents a net decline of 207 Bcf from the previous week. Stocks were 381 Bcf higher than last year at this time and 433 Bcf above the 5-year average of 3,133 Bcf. In the East Region, stocks were 179 Bcf above the 5-year average following net withdrawals of 93 Bcf. Stocks in the Producing Region were 197 Bcf above the 5-year average of 923 Bcf after a net withdrawal of 75 Bcf. Stocks in the West Region were 57 Bcf above the 5-year average after a net drawdown of 39 Bcf. At 3,566 Bcf, total working gas is above the 5-year historical range.

Thursday, December 10, 2009

Natural Gas Inventory Report 12-10-09

Working gas in storage was 3,773 Bcf as of Friday, December 4, 2009, according to EIA estimates. This represents a net decline of 64 Bcf from the previous week. Stocks were 472 Bcf higher than last year at this time and 513 Bcf above the 5-year average of 3,260 Bcf. In the East Region, stocks were 191 Bcf above the 5-year average following net withdrawals of 31 Bcf. Stocks in the Producing Region were 241 Bcf above the 5-year average of 954 Bcf after a net withdrawal of 24 Bcf. Stocks in the West Region were 81 Bcf above the 5-year average after a net drawdown of 9 Bcf. At 3,773 Bcf, total working gas is above the 5-year historical range.

Thursday, December 03, 2009

Natural Gas Inventory Report 12-03-09

Working gas in storage was 3,837 Bcf as of Friday, November 27, 2009, according to EIA estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 470 Bcf higher than last year at this time and 487 Bcf above the 5-year average of 3,350 Bcf. In the East Region, stocks were 168 Bcf above the 5-year average following net withdrawals of 7 Bcf. Stocks in the Producing Region were 243 Bcf above the 5-year average of 976 Bcf after a net injection of 8 Bcf. Stocks in the West Region were 76 Bcf above the 5-year average after a net addition of 1 Bcf. At 3,837 Bcf, total working gas is above the 5-year historical range.