Natural Gas Storage Report - Feb 19

[dan_s]

Working gas in storage was 2,157 Bcf as of Friday, February 13, 2015, according to EIA estimates. This represents a net decline of 111 Bcf from the previous week. Stocks were 678 Bcf higher than last year at this time and 58 Bcf above the 5-year average of 2,099 Bcf.

We need to see larger draws over the next 4-6 weeks for natural gas prices to have a chance to remain over $2.50 this summer. Storage needs to be under 1,500 bcf by end of March. Next week's report needs to be around 200 bcf draw for that to happen.

[dan_s]

http://www.oilandgas360.com/natural-gas ... 9-26401157