Thursday, September 20, 2012

EIA Natural Gas Storage Report (Sept 20)

The futures are up 2.9 cents at $2.791. The most common range of analyst guesses was 64-68 Bcf.
we were way low at 62.
From the Energy Information Administration:

Released: September 20, 2012 at 10:30 a.m. (eastern time) for the Week Ending September 14, 2012.
Next Release: September 27, 2012 

Working gas in storage was 3,496 Bcf as of Friday, September 14, 2012, according to EIA estimates. This represents a net increase of 67 Bcf from the previous week. Stocks were 320 Bcf higher than last year at this time and 278 Bcf above the 5-year average of 3,218 Bcf. In the East Region, stocks were 76 Bcf above the 5-year average following net injections of 44 Bcf. Stocks in the Producing Region were 150 Bcf above the 5-year average of 974 Bcf after a net injection of 20 Bcf. Stocks in the West Region were 52 Bcf above the 5-year average after a net addition of 3 Bcf. At 3,496 Bcf, total working gas is above the 5-year historical range....MORE