Considerably above the 155 Bcf to 176 Bcf we were hearing early in the week (see why we don't post estimates?) and above both last year's pull of 137 Bcf and the five year average of 165.
The front futures are up 8 cents at $3.19.
The failure to pop four or five percent on a large draw is not a sign of strength.
By-the-bye, there is a big gap from last September that seems a likely target:
FinViz
From the Energy Information Administration:
Released: January 10, 2013 at 10:30 a.m. (eastern time) for the Week Ending January 4, 2013.
Next Release: January 17, 2013
| Working Gas in Underground Storage, Lower 48 |
other formats: Summary TXT CSV |
| Region |
Stocks in billion cubic feet (Bcf) |
Historical Comparisons |
| 01/04/13 |
12/28/12 |
Change |
Year Ago (01/04/12) |
5-Year (2008-2012) Average |
| Stocks (Bcf) |
% Change |
Stocks (Bcf) |
% Change |
| East |
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| West |
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| Producing |
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| Total |
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Notes and Definitions
The Energy Information
Administration (EIA) will implement publication of the new web products
for the Weekly Natural Gas Storage Report (WNGSR) on January 17, 2013.
Examples of the new products are available for review at: http://ir.eia.gov/ngs/notice.html.
|
Summary
Working gas in storage was 3,316 Bcf as of Friday, January 4, 2013,
according to EIA estimates. This represents a net decline of 201 Bcf from the previous week.
Stocks were 88 Bcf less than last year at this time and 320 Bcf above
the 5-year average of 2,996 Bcf. In the East Region, stocks were 93 Bcf above
the 5-year average following net withdrawals of 113 Bcf. Stocks in the Producing Region were 156 Bcf above
the 5-year average of 996 Bcf after
a net withdrawal of 61 Bcf. Stocks in the West Region
were 71 Bcf above the 5-year average after a net drawdown of 27 Bcf. At 3,316 Bcf,
total working gas is within the 5-year historical range....
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