Working gas in storage was 1,884 Bcf as of Friday, February 9, 2018, according to EIA estimates. This represents a net decrease of 194 Bcf from the previous week. Stocks were 577 Bcf less than last year at this time and 433 Bcf below the five-year average of 2,317 Bcf. At 1,884 Bcf, total working gas is within the five-year historical range.
Larger draw than I was expecting.
5-year average storage level at March 31st is 1,700 Bcf.
My SWAG is that ngas storage on 3-31-2018 is ~1,200 Bcf, which would be ~850 Bcf below where it was a year ago.
Natural Gas Storage Report - Feb 15
Natural Gas Storage Report - Feb 15
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group