Natural Gas Futures Spanked As Inventories Rise

The front futures are down 3.47% at $2.337. Most of the estimates were for injections in the 55 Bcf range.

Released: June 7, 2012 at 10:30 a.m. (eastern time) for the Week Ending June 1, 2012.
Next Release: June 14, 2012

Working Gas in Underground Storage, Lower 48

Region	Stocks in billion cubic feet (Bcf)			Historical Comparisons
	06/01/12	05/25/12	Change	Year Ago (06/01/11)		5-Year (2007-2011) Average
				Stocks (Bcf)	% Change	Stocks (Bcf)	% Change
East	1,363	1,325	38	946	44.1	1,016	34.2
West	423	410	13	285	48.4	332	27.4
Producing	1,091	1,080	11	933	16.9	842	29.6
Total	2,877	2,815	62	2,164	32.9	2,190	31.4

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 2,877 Bcf as of Friday, June 1, 2012, according to EIA estimates. This represents a net increase of 62 Bcf from the previous week. Stocks were 713 Bcf higher than last year at this time and 687 Bcf above the 5-year average of 2,190 Bcf. In the East Region, stocks were 347 Bcf above the 5-year average following net injections of 38 Bcf. Stocks in the Producing Region were 249 Bcf above the 5-year average of 842 Bcf after a net injection of 11 Bcf. Stocks in the West Region were 91 Bcf above the 5-year average after a net addition of 13 Bcf. At 2,877 Bcf, total working gas is above the 5-year historical range....MORE