La Croix Energy Capital | Petroleum Derivative Trading

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Thursday, May 13, 2010

EIA Weekly NatGas Storage Report 7-May-10

EIA Summary
Working gas in storage was 2,089 Bcf as of Friday, May 7, 2010, according to EIA estimates. This represents a net increase of 94 Bcf from the previous week. Stocks were 97 Bcf higher than last year at this time and 325 Bcf above the 5-year average of 1,764 Bcf. In the East Region, stocks were 145 Bcf above the 5-year average following net injections of 53 Bcf. Stocks in the Producing Region were 102 Bcf above the 5-year average of 685 Bcf after a net injection of 27 Bcf. Stocks in the West Region were 79 Bcf above the 5-year average after a net addition of 14 Bcf. At 2,089 Bcf, total working gas is above the 5-year historical range.

Source: U.S. Energy Information Adminstration; NOAA