Thursday, March 18, 2010

Natural Gas Inventory Report 3-18-10

Working gas in storage was 1,615 Bcf as of Friday, March 12, 2010, according to EIA estimates. This represents a net decline of 11 Bcf from the previous week. Stocks were 40 Bcf less than last year at this time and 73 Bcf above the 5-year average of 1,542 Bcf. In the East Region, stocks were 38 Bcf above the 5-year average following net withdrawals of 19 Bcf. Stocks in the Producing Region were 18 Bcf below the 5-year average of 580 Bcf after a net injection of 14 Bcf. Stocks in the West Region were 53 Bcf above the 5-year average after a net drawdown of 6 Bcf. At 1,615 Bcf, total working gas is within the 5-year historical range.