Thursday, July 26, 2012

EIA: Weekly Natural Gas Storage Report Up 26 BCF

That was in line with estimates and the futures are up 3 cents at $3.10.
From the EIA:
Released: July 26, 2012 at 10:30 a.m. (eastern time) for the Week Ending July 20, 2012.
Next Release: August 2, 2012 

Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
07/20/12 07/13/12 Change Year Ago (07/20/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change

Working gas in storage was 3,189 Bcf as of Friday, July 20, 2012, according to EIA estimates. This represents a net increase of 26 Bcf from the previous week. Stocks were 487 Bcf higher than last year at this time and 435 Bcf above the 5-year average of 2,754 Bcf. In the East Region, stocks were 167 Bcf above the 5-year average following net injections of 20 Bcf. Stocks in the Producing Region were 181 Bcf above the 5-year average of 938 Bcf after a net withdrawal of 1 Bcf. Stocks in the West Region were 88 Bcf above the 5-year average after a net addition of 7 Bcf. At 3,189 Bcf, total working gas is above the 5-year historical range....MORE