EIA - Weekly Natural Gas Storage Report - Mar 7

[dan_s]

Working gas in storage was 2,334 Bcf as of Friday, March 1, 2024, according to EIA estimates.
This represents a net decrease of 40 Bcf from the previous week.
Stocks were 280 Bcf higher than last year at this time and 551 Bcf above the five-year average of 1,783 Bcf.
At 2,334 Bcf, total working gas is above the five-year historical range.

There is a lot of work to do before the U.S. natural gas market is back in balance, but the work has begun. Some of the largest gassers are cutting back on production and most of them will complete fewer new wells this year.