Thursday, February 7, 2013

EIA Storage report: Natural Gas Tumbles on Low Drawdown

This is a very low number for the last week of January. The front futures are down 10 cents at $3.32.
I repeat this is a very low number, we were hearing estimates as high as 150 Bcf.
Platt's poll was 122 billion and 126 billion

From the EIA:
Weekly Natural Gas Storage Report

for week ending February 1, 2013.   |   Released: February 7, 2013 at 10:30 a.m.   |   Next Release: February 14, 2013

Working gas in underground storage, lower 48 states Summary text CSV JSN


Historical Comparisons
Stocks
billion cubic feet (Bcf)

Year ago
(02/01/12)
5-Year average
(2008-2012)
Region 02/01/13 01/25/13 change
(Bcf) % change (Bcf) % change
East 1,303 1,391 -88
1,429 -8.8 1,185 10.0
West 388 398 -10
390 -0.5 329 17.9
Producing 993 1,013 -20
1,091 -9.0 819 21.2
   Salt 240 244 -4
251 -4.4 125 92.0
   Nonsalt 753 769 -16
840 -10.4 694 8.5
Total 2,684 2,802 -118
2,910 -7.8 2,333 15.0

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