Wednesday, November 21, 2012

***CORRECTED*** EIA Natural Gas Storage Withdrawls 38 Bcf ***CORRECTED***

So, how valuable was this morning's:
...Yes, the report will be a day early and Platts' survey has a drawdown in the 23-27 Bcf range. That's probably high...
Well the report came in at "a net decline of 18 Bcf" and the front futures are:
completely unchanged.
Great.*

We posted last weeks numbers and then gloated.
Not too impressive.
The futures are up a nickle at $3.882 after getting as high as $3.91, a new 2012 record.


From the EIA:

Released: November 21, 2012 at 12:00 p.m. (eastern time) for the Week Ending November 16, 2012.
Next Release: November 29, 2012
Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
11/16/12 11/09/12 Change Year Ago (11/16/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
West
Producing
Total


Notes and Definitions

Summary
Working gas in storage was 3,873 Bcf as of Friday, November 16, 2012, according to EIA estimates. This represents a net decline of 38 Bcf from the previous week. Stocks were 24 Bcf higher than last year at this time and 168 Bcf above the 5-year average of 3,705 Bcf. In the East Region, stocks were 2 Bcf below the 5-year average following net withdrawals of 19 Bcf. Stocks in the Producing Region were 128 Bcf above the 5-year average of 1,147 Bcf after a net withdrawal of 12 Bcf. Stocks in the West Region were 43 Bcf above the 5-year average after a net drawdown of 7 Bcf. At 3,873 Bcf, total working gas is above the 5-year historical range.
Released: November 15, 2012 at 10:30 a.m. (eastern time) for the Week Ending November 9, 2012.
Next Release: November 21, 2012

Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
11/09/12 11/02/12 Change Year Ago (11/09/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
West
Producing
Total



Summary
Working gas in storage was 3,911 Bcf as of Friday, November 9, 2012, according to EIA estimates. This represents a net decline of 18 Bcf from the previous week. Stocks were 71 Bcf higher than last year at this time and 209 Bcf above the 5-year average of 3,702 Bcf. In the East Region, stocks were 11 Bcf above the 5-year average following net withdrawals of 23 Bcf. Stocks in the Producing Region were 145 Bcf above the 5-year average of 1,142 Bcf after a net injection of 2 Bcf. Stocks in the West Region were 53 Bcf above the 5-year average after a net addition of 3 Bcf. At 3,911 Bcf, total working gas is above the 5-year historical range....MORE

*They did come down a bit from the YTD settlement high that they hit this morning.
From Finviz: