Natural Gas Inventory Report 03-17-11

Working gas in storage was 1,618 Bcf as of Friday, March 11, 2011, according to EIA estimates. This represents a net decline of 56 Bcf from the previous week. Stocks were 1 Bcf higher than last year at this time and 23 Bcf above the 5-year average of 1,595 Bcf. In the East Region, stocks were 63 Bcf below the 5-year average following net withdrawals of 51 Bcf. Stocks in the Producing Region were 109 Bcf above the 5-year average of 591 Bcf after a net withdrawal of 3 Bcf. Stocks in the West Region were 23 Bcf below the 5-year average after a net drawdown of 2 Bcf. At 1,618 Bcf, total working gas is within the 5-year historical range.