Weekly Natural Gas Storage Report: Up 47 Bcf

As we said earlier this week the numbers the pros are looking for is the April 30 production consumption report.

From the EIA:

Released: April 26, 2012 at 10:30 a.m. (eastern time) for the Week Ending April 20, 2012.
Next Release: May 3, 2012

Working Gas in Underground Storage, Lower 48

other formats:  Summary TXT  CSV

Region	Stocks in billion cubic feet (Bcf)			Historical Comparisons
	04/20/12	04/13/12	Change	Year Ago (04/20/11)		5-Year (2007-2011) Average
				Stocks (Bcf)	% Change	Stocks (Bcf)	% Change
East	1,145	1,103 R	42	662	73.0	695	64.7
West	362	358	4	225	60.9	255	42.0
Producing	1,041	1,040 R	1	789	31.9	691	50.7
Total	2,548	2,501 R	47	1,676	52.0	1,640	55.4
R=Revised. The reported revision resulting from resubmissions of data from one or more respondents caused the stocks for April 13, 2012 to change from 2,512 Bcf to 2,501 Bcf. As a result, the implied net change between the weeks ending April 6 and April 13 changed from 25 Bcf to 23 Bcf. Historical working gas levels for the weeks ending March 23, 2012, March 30, 2012, and April 6, 2012 also were revised to reflect resubmissions of data. Working gas stocks for the week ending April 6, 2012 were changed from 2,487 Bcf to 2,478 Bcf, which lowered the implied net change for that period from 8 Bcf to 6 Bcf. Working gas stocks for the week ending March 30, 2012 were changed from 2,479 Bcf to 2,472 Bcf, which had no impact on the implied net change for that period. Working gas stocks for the week ending March 23, 2012 were revised from 2,437 Bcf to 2,430 Bcf, which lowered the implied net change for that period from 57 Bcf to 50 Bcf. Changes to the salt-nonsalt breakout for the Producing region are available for download from the link below.

Notes and Definitions 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 2,548 Bcf as of Friday, April 20, 2012, according to EIA estimates. This represents a net increase of 47 Bcf from the previous week. Stocks were 872 Bcf higher than last year at this time and 908 Bcf above the 5-year average of 1,640 Bcf. In the East Region, stocks were 450 Bcf above the 5-year average following net injections of 42 Bcf. Stocks in the Producing Region were 350 Bcf above the 5-year average of 691 Bcf after a net injection of 1 Bcf. Stocks in the West Region were 107 Bcf above the 5-year average after a net addition of 4 Bcf. At 2,548 Bcf, total working gas is above the 5-year historical range. Working gas stocks in the Producing Region, for the week ending April 20, 2012, totaled 1,041 Bcf, with 254 Bcf in salt cavern facilities and 787 Bcf in nonsalt cavern facilities. Working gas stocks decreased 5 Bcf in the salt cavern facilities and increased 5 Bcf in the nonsalt cavern facilities, since April 13. The reported revision in the Producing region for April 13, 2012 changed the working gas levels from 1,049 Bcf to 1,040 Bcf with 259 Bcf in salt cavern facilities and 782 Bcf in nonsalt cavern facilities. An historical series of the salt and nonsalt subtotals of the Producing Region, reflecting all published revisions and 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.