EIA - Natural Gas Storage Report - Mar 26

[dan_s]

Working gas in storage was 2,005 Bcf as of Friday, March 20, 2020, according to EIA estimates. This represents a net decrease of 29 Bcf from the previous week.
Stocks were 888 Bcf higher than last year at this time and 292 Bcf above the five-year average of 1,713 Bcf.
At 2,005 Bcf, total working gas is within the five-year historical range. <

There is some hope for the "gassers" late this year.

Wall Street Journal: Investors are warming to natural gas

Traders are backing off their bearish bets on natural-gas prices, stock buyers are flocking to the beaten-down shares of Appalachian producers and analysts are forecasting short supplies of the fuel next year unless those companies get back to drilling. All this comes with natural gas fetching its lowest price in a quarter-century and a global pandemic crushing demand from power plants and factories. It is also spring, when heating demand from U.S. households typically falls off a cliff. Natural-gas futures for April delivery added 0.4% to close at $1.659 per million British thermal units on Wednesday. They hit a 25-year low of $1.602 on Monday. But for the first time in years, the outlook is good, thanks to the oil-price war and the standstill to which the coronavirus has brought hundreds of millions of people, who now have little need for transportation fuels. Collapsing demand for crude—and the corresponding crash in prices to levels below what many producers need to break even—has prompted U.S. oil drillers to slash their budgets and idle drilling rigs. The main U.S. price gauge rose 2% to $24.49 a barrel on Wednesday and is down 60% this year. The effect, besides a lot fewer barrels of shale oil flooding into a glutted market, is a lot less cheap natural gas. More than 12% of U.S. gas production is so-called associated gas, which is produced as a byproduct of oil drilling, according to the Energy Information Administration. Wells in the Permian Basin in West Texas have proven particularly gassy