Thursday, June 27, 2013

EIA Weekly Natural Gas Storage Report: Still Adding, Price Collapses

There is a lot of gas around and the weather is beautiful.
From the Energy Information Administration:

for week ending June 21, 2013.   |   Released: June 27, 2013 at 10:30 a.m.   |   Next Release: July 3, 2013

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


Historical Comparisons
Stocks
billion cubic feet (Bcf)

Year ago
(06/21/12)
5-Year average
(2008-2012)
Region 06/21/13 06/14/13 change
(Bcf) % change (Bcf) % change
East 1,143   1,085   58  
1,472   -22.4   1,232   -7.2  
West 433   420   13  
455   -4.8   388   11.6  
Producing 957   933   24  
1,128   -15.2   944   1.4  
   Salt 263   261   2  
267   -1.5   176   49.4  
   Nonsalt 694   673   21  
860   -19.3   767   -9.5  
Total 2,533   2,438   95  
3,055   -17.1   2,564   -1.2  

Summary

Working gas in storage was 2,533 Bcf as of Friday, June 21, 2013, according to EIA estimates. This represents a net increase of 95 Bcf from the previous week. Stocks were 522 Bcf less than last year at this time and 31 Bcf below the 5-year average of 2,564 Bcf. In the East Region, stocks were 89 Bcf below the 5-year average following net injections of 58 Bcf. Stocks in the Producing Region were 13 Bcf above the 5-year average of 944 Bcf after a net injection of 24 Bcf. Stocks in the West Region were 45 Bcf above the 5-year average after a net addition of 13 Bcf. At 2,533 Bcf, total working gas is within the 5-year historical range.

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Here's the 5-minute chart from FinViz: