Working gas in storage was 2,078 Bcf as of Friday, February 2, 2018, according to EIA estimates. This represents a net decrease of 119 Bcf from the previous week. Stocks were 503 Bcf less than last year at this time and 393 Bcf below the five-year average of 2,471 Bcf. At 2,078 Bcf, total working gas is within the five-year historical range.
119 Bcf draw was slightly higher than I was expecting.
The next two weekly draws s/b over 200 Bcf based on the current weather pattern.
Natural Gas Storage Report - Jan 2
Natural Gas Storage Report - Jan 2
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group