Thursday, January 7, 2016

Natural Gas Storage Withdrawls Considerably Above Estimates As Winter Takes Hold

The Platts survey of analysts showed a range of 93 to 97 Bcf against the EIA's report of a 113 Bcf drawdown.
From the Energy Information Administration:

Working gas in underground storage, Lower 48 states Summary text CSV JSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(01/01/15)
5-year average
(2011-15)
Region 01/01/16 12/25/15 net change implied flow Bcf % change Bcf % change
East 857 876 -19 -19 741 15.7 756 13.4
Midwest 983 1,025 -42 -42 854 15.1 866 13.5
Mountain 185 195 -10 -10 154 20.1 180 2.8
Pacific 313 338 -25 -25 315 -0.6 302 3.6
South Central 1,305  C 1,322 -17 -21  C 1,045 24.9 1,077 21.2
   Salt 379 378 1 1 325 16.6 266 42.5
   Nonsalt 925  C 944 -19 -23  C 720 28.5 811 14.1
Total 3,643  C 3,756 -113 -117  C 3,108 17.2 3,179 14.6


C=Reclassification.
Reclassifications from base gas to working gas resulted in increased working gas stocks of approximately 4 Bcf in the South Central Nonsalt region for the week ending January 1, 2016. The implied flow for the week is a decrease of 117 Bcf to working gas stocks. (See Notes and Definitions for more information on “implied flow.”)

...MORE

The reaction via FinViz:

 
$2.3790 up 11.2 cents (4.94%
We'll have more this afternoon.