Wednesday, December 22, 2010

Natural Gas Inventory Report 12-16-10

Working gas in storage was 3,561 Bcf as of Friday, December 10, 2010, according to EIA estimates. This represents a net decline of 164 Bcf from the previous week. Stocks were 35 Bcf less than last year at this time and 321 Bcf above the 5-year average of 3,240 Bcf. In the East Region, stocks were 60 Bcf above the 5-year average following net withdrawals of 111 Bcf. Stocks in the Producing Region were 237 Bcf above the 5-year average of 967 Bcf after a net withdrawal of 42 Bcf. Stocks in the West Region were 25 Bcf above the 5-year average after a net drawdown of 11 Bcf. At 3,561 Bcf, total working gas is within the 5-year historical range.