Thursday, September 5, 2013

Natural Gas Storage Comes in Above estimates

Platts was at 53-57Bcf; Bloomberg analysts poll was at 54.
The initial trade filled the big 'ol gap From Sept. 2.

 
 FinViz
There is a lot of gas around.
From the EIA:

Weekly Natural Gas Storage Report
for week ending August 30, 2013.   |   Released: September 5, 2013 at 10:30 a.m.   |   Next Release: September 12, 2013

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


Historical Comparisons
Stocks
billion cubic feet (Bcf)

Year ago
(08/30/12)
5-Year average
(2008-2012)
Region 08/30/13 08/23/13 change
(Bcf) % change (Bcf) % change
East 1,598   1,555   43  
1,788   -10.6   1,713   -6.7  
West 505   502   3  
492   2.6   447   13.0  
Producing 1,085   1,073   12  
1,118   -3.0   985   10.2  
   Salt 261   260   1  
222   17.6   155   68.4  
   Nonsalt 824   813   11  
897   -8.1   830   -0.7  
Total 3,188   3,130   58  
3,398   -6.2   3,145   1.4  

Summary

Working gas in storage was 3,188 Bcf as of Friday, August 30, 2013, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. Stocks were 210 Bcf less than last year at this time and 43 Bcf above the 5-year average of 3,145 Bcf. In the East Region, stocks were 115 Bcf below the 5-year average following net injections of 43 Bcf. Stocks in the Producing Region were 100 Bcf above the 5-year average of 985 Bcf after a net injection of 12 Bcf. Stocks in the West Region were 58 Bcf above the 5-year average after a net addition of 3 Bcf. At 3,188 Bcf, total working gas is within the 5-year historical range.