Weekly Natural Gas Storage Report (less than estimated, futures up 1%)

Not exactly a whiplash on the far less than expected 8 BCF injection, even including the 10 BCF re-classification. The front futures are up 1.9 cents at $2.003.
From the EIA:

Released: April 12, 2012 at 10:30 a.m. (eastern time) for the Week Ending April 6, 2012.
Next Release: April 19, 2012 

Working Gas in Underground Storage, Lower 48

other formats:  Summary TXT  CSV

Region	Stocks in billion cubic feet (Bcf)			Historical Comparisons
	04/06/12	03/30/12	Change	Year Ago (04/06/11)		5-Year (2007-2011) Average
				Stocks (Bcf)	% Change	Stocks (Bcf)	% Change
East	1,092	1,085	7	621	75.8	664	64.5
West	353	349	4	221	59.7	244	44.7
Producing	1,042	1,045	-3	757	37.6	659	58.1
Total	2,487	2,479	8	1,599	55.5	1,567	58.7

Notes and Definitions Reclassifications from one or more respondents in the Producing Region resulted in lowering working gas stocks by approximately 10 Bcf for the week ending April 6, 2012. Beginning with the report period for the week ending March 16, 2012, EIA is including salt dome and nonsalt-dome subtotals for the Producing Region in the “Summary” section.   The sum of the components may not equal the total for the Producing Region, because of independent rounding.

Summary Working gas in storage was 2,487 Bcf as of Friday, April 6, 2012, according to EIA estimates. This represents a net increase of 8 Bcf from the previous week. Stocks were 888 Bcf higher than last year at this time and 920 Bcf above the 5-year average of 1,567 Bcf. In the East Region, stocks were 428 Bcf above the 5-year average following net injections of 7 Bcf. Stocks in the Producing Region were 383 Bcf above the 5-year average of 659 Bcf after a net withdrawal of 3 Bcf. Stocks in the West Region were 109 Bcf above the 5-year average after a net addition of 4 Bcf. At 2,487 Bcf, total working gas is above the 5-year historical range. Working gas stocks in the Producing Region, for the week ending April 6, 2012, totaled 1,042 Bcf, with 258 Bcf in salt cavern facilities and 784 Bcf in nonsalt cavern facilities. Working gas stocks decreased 2 Bcf in the salt cavern facilities and decreased 2 Bcf in the nonsalt cavern facilities, since March 30. Reported reclassifications from working to base gas from one or more respondents resulted in lowering working gas levels approximately 10 Bcf in the nonsalt facilities, from 794 Bcf to 784 Bcf, for the week ending April 6, 2012. An historical series of the salt and nonsalt subtotals of the Producing Region, dating back to January 7, 2011, is available for download at: wngsr_producing_region_salt.xls.

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2007 through 2011. Source: Form EIA-912, "Weekly Underground Natural Gas Storage Report." The dashed vertical lines indicate current and year-ago weekly periods.