Thursday, December 13, 2012

EIA Weekly Natural Gas Storage Report: INJECTION of 2 Bcf

It's getting a bit late in the year to be putting gas into storage. The front futures are down another 2 cents at $3.36.
From the Energy Information Administration:

 Released: December 13, 2012 at 10:30 a.m. (eastern time) for the Week Ending December 7, 2012.
Next Release: December 20, 2012

Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
12/07/12 11/30/12 Change Year Ago (12/07/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change

Working gas in storage was 3,806 Bcf as of Friday, December 7, 2012, according to EIA estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 48 Bcf higher than last year at this time and 283 Bcf above the 5-year average of 3,523 Bcf. In the East Region, stocks were 42 Bcf above the 5-year average following net withdrawals of 12 Bcf. Stocks in the Producing Region were 171 Bcf above the 5-year average of 1,114 Bcf after a net injection of 12 Bcf. Stocks in the West Region were 70 Bcf above the 5-year average after a net addition of 2 Bcf. At 3,806 Bcf, total working gas is above the 5-year historical range.
More later.