Thursday, February 03, 2011

Natural Gas Inventory Report 02-03-11

Working gas in storage was 2,353 Bcf as of Friday, January 28, 2011, according to EIA estimates. This represents a net decline of 189 Bcf from the previous week. Stocks were 69 Bcf less than last year at this time and 5 Bcf above the 5-year average of 2,348 Bcf. In the East Region, stocks were 107 Bcf below the 5-year average following net withdrawals of 115 Bcf. Stocks in the Producing Region were 100 Bcf above the 5-year average of 756 Bcf after a net withdrawal of 56 Bcf. Stocks in the West Region were 12 Bcf above the 5-year average after a net drawdown of 18 Bcf. At 2,353 Bcf, total working gas is within the 5-year historical range.