Thursday, January 24, 2013

EIA Weekly Natural Gas Storage Report: Draw of 172 Bcf

This is for the week ending January 18, 2013. The next report captures the deep freeze for the week that ends tomorrow.
The futures are down 2 cents at $3.54. The Feb. futures, NGC13, expire next Tuesday.
For comparison the comparable pull last year was 162 Bcf.

From the Energy Information Administration:

For week ending January 18, 2013.   |   Released: January 24, 2013 at 10:30 a.m.   |   Next Release: January 31, 2013


Working gas in underground storage, lower 48 states Summary text CSV JSN


Historical Comparisons
Stocks
billion cubic feet (Bcf)

Year ago
(01/18/12)
5-Year average
(2008-2012)
Region 01/18/13 01/11/13 change
(Bcf) % change (Bcf) % change
East 1,520   1,600   -80  
1,606   -5.4   1,402   8.4  
West 416   455   -39  
414   0.5   369   12.7  
Producing 1,060   1,113   -53  
1,133   -6.4   906   17.0  
   Salt 260   275   -15  
265   -1.9   142   83.1  
   Nonsalt 800   837   -37  
869   -7.9   763   4.8  
Total 2,996   3,168   -172  
3,153   -5.0   2,676   12.0  

Summary

Working gas in storage was 2,996 Bcf as of Friday, January 18, 2013, according to EIA estimates. This represents a net decline of 172 Bcf from the previous week. Stocks were 157 Bcf less than last year at this time and 320 Bcf above the 5-year average of 2,676 Bcf. In the East Region, stocks were 118 Bcf above the 5-year average following net withdrawals of 80 Bcf. Stocks in the Producing Region were 154 Bcf above the 5-year average of 906 Bcf after a net withdrawal of 53 Bcf. Stocks in the West Region were 47 Bcf above the 5-year average after a net drawdown of 39 Bcf. At 2,996 Bcf, total working gas is within the 5-year historical range....MORE