EIA Natural Gas Storage Report - May 9

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Working gas in storage was 1,547 Bcf as of Friday, May 3, 2019, according to EIA estimates. This represents a net increase of 85 Bcf from the previous week.
Stocks were 128 Bcf higher than last year at this time and 303 Bcf below the five-year average of 1,850 Bcf.
At 1,547 Bcf, total working gas is within the five-year historical range.

You may recall that April, 2018 was a much colder than normal month, which is why the delta to last year's storage level has flipped from negative to positive this year. May is the peak of the first "Shoulder Season", so weekly builds should be 80 to 110 Bcf for the next four weeks. In June, lots of natural gas fired power plants increase demand and the builds will begin to shrink. Gas in storage should remain well below the 5-year average all summer.

If you watch the weather, you know we've had a lot of rain and flooding in East Texas and Louisiana. This may have an impact on gas production because some wells are under water.