So, how valuable was this morning's:
...Yes, the report will be a day early and Platts' survey has a drawdown in the 23-27 Bcf range. That's probably high...
Well the report came in at "a net decline of 18 Bcf" and the front futures are:
completely unchanged.
Great.*
We posted last weeks numbers and then gloated.
Not too impressive.
The futures are up a nickle at $3.882 after getting as high as $3.91, a new 2012 record.
From the EIA:
Released:
November 21, 2012 at 12:00 p.m. (eastern time) for the Week Ending November 16, 2012.
Next Release: November 29, 2012
| Working Gas in Underground Storage, Lower 48 |
other formats: Summary TXT CSV |
| Region |
Stocks in billion cubic feet (Bcf) |
Historical Comparisons |
| 11/16/12 |
11/09/12 |
Change |
Year Ago (11/16/11) |
5-Year (2007-2011) Average |
| Stocks (Bcf) |
% Change |
Stocks (Bcf) |
% Change |
| East |
|
|
|
|
|
|
|
| West |
|
|
|
|
|
|
|
| Producing |
|
|
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|
|
|
|
| Total |
|
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|
|
|
|
|
Notes and Definitions
Reclassifications of data
from working to base gas resulted in reducing estimates of working gas
stocks in the Producing Region nonsalt facilities by approximately 7
billion cubic feet for the week ending November 16, 2012. These
reclassifications had the effect of increasing the implied net
withdrawal to 38 Bcf from 31 Bcf for the total Lower 48.
The Energy Information
Administration (EIA) is changing the Weekly Natural Gas Storage Report
(WNGSR) web products. The implementation of these changes will be
preceded by a public testing period, commencing on November 27, 2012.
An example of the new webpage and more information about the public
testing period, including specific times, can be found at: http://ir.eia.gov/ngs/notice.html.
Summary
Working gas in storage was 3,873 Bcf as of Friday, November 16, 2012,
according to EIA estimates. This represents a net decline of 38 Bcf from the previous week.
Stocks were 24 Bcf higher than last year at this time and 168 Bcf above
the 5-year average of 3,705 Bcf. In the East Region, stocks were 2 Bcf below
the 5-year average following net withdrawals of 19 Bcf. Stocks in the Producing Region were 128 Bcf above
the 5-year average of 1,147 Bcf after
a net withdrawal of 12 Bcf. Stocks in the West Region
were 43 Bcf above the 5-year average after a net drawdown of 7 Bcf. At 3,873 Bcf,
total working gas is above the 5-year historical range.
Released: November 15, 2012 at 10:30 a.m. (eastern time) for the Week Ending November 9, 2012.
Next Release: November 21, 2012
| Working Gas in Underground Storage, Lower 48 |
other formats: Summary TXT CSV |
| Region |
Stocks in billion cubic feet (Bcf) |
Historical Comparisons |
| 11/09/12 |
11/02/12 |
Change |
Year Ago (11/09/11) |
5-Year (2007-2011) Average |
| Stocks (Bcf) |
% Change |
Stocks (Bcf) |
% Change |
| East |
|
|
|
|
|
|
|
| West |
|
|
|
|
|
|
|
| Producing |
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
Notes and Definitions
The Energy Information
Administration (EIA) is changing the Weekly Natural Gas Storage Report
(WNGSR) web products. The implementation of these changes will be
preceded by a public testing period, commencing on November 27, 2012.
An example of the new webpage and more information about the public
testing period, including specific times, can be found at: http://ir.eia.gov/ngs/notice.html.
|
Summary
Working gas in storage was 3,911 Bcf as of Friday, November 9, 2012,
according to EIA estimates. This represents a net decline of 18 Bcf from the previous week.
Stocks were 71 Bcf higher than last year at this time and 209 Bcf above
the 5-year average of 3,702 Bcf. In the East Region, stocks were 11 Bcf above
the 5-year average following net withdrawals of 23 Bcf. Stocks in the Producing Region were 145 Bcf above
the 5-year average of 1,142 Bcf after
a net injection of 2 Bcf. Stocks in the West Region
were 53 Bcf above the 5-year average after a net addition of 3 Bcf. At 3,911 Bcf,
total working gas is above the 5-year historical range....
MORE
*They did come down a bit from the YTD settlement high that they hit this morning.
From
Finviz:
