Thursday, August 2, 2012

EIA: Weekly Natural Gas Storage Report UP 28 Bcf

Analysts were guessing estimating 23 Bcf. The front futures are down 19.6 cents at $2.975.
From the Energy Information Administration:
Released: August 2, 2012 at 10:30 a.m. (eastern time) for the Week Ending July 27, 2012.
Next Release: August 9, 2012
Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
07/27/12 07/20/12 Change Year Ago (07/27/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change

Working gas in storage was 3,217 Bcf as of Friday, July 27, 2012, according to EIA estimates. This represents a net increase of 28 Bcf from the previous week. Stocks were 472 Bcf higher than last year at this time and 407 Bcf above the 5-year average of 2,810 Bcf. In the East Region, stocks were 148 Bcf above the 5-year average following net injections of 30 Bcf. Stocks in the Producing Region were 172 Bcf above the 5-year average of 941 Bcf after a net withdrawal of 6 Bcf. Stocks in the West Region were 87 Bcf above the 5-year average after a net addition of 4 Bcf. At 3,217 Bcf, total working gas is above the 5-year historical range. Working gas stocks in the Producing Region, for the week ending July 27, 2012, totaled 1,113 Bcf, with 234 Bcf in salt cavern facilities and 880 Bcf in nonsalt cavern facilities. Working gas stocks decreased 8 Bcf in the salt cavern facilities and increased 3 Bcf in the nonsalt cavern facilities since July 20. An historical series of the salt and nonsalt subtotals of the Producing Region is available for download at: wngsr_producing_region_salt.xls.