Energy Prospectus

Working gas in storage was 3,375 Bcf as of Friday, August 14, 2020, according to EIA estimates. This represents a net increase of 43 Bcf from the previous week.
Stocks were 595 Bcf higher than last year at this time and 442 Bcf above the five-year average of 2,933 Bcf.
At 3,375 Bcf, total working gas is above the five-year historical range. < U.S. gas storage capacity is ~4,200 Bcf

Storage build of 43 Bcf compares to my guess of 40 Bcf. Weekly builds going forward should be lower than 5-year averages for August and September.

Fun Fact: The Henry Hub Spot Price closed at $2.09 on January 3, 2020. Today the January 2021 NYMEX futures is trading for $3.24.

AEGIS ENERGY Alerts - Gas rally continues; EIA reports small storage increase

"EIA reported a build of 43 Bcf for the week ending 8/14/2020. This was larger than the median estimate of 42 Bcf. Today’s stat fell within the expected range, which was 48 Bcf on the more bearish end, and 36 Bcf on the more bullish end. Prices were up in the five minutes following the announcement, to $2.404, from $2.414 just before 9:30am."

Aegis Energy will be holding a webinar today at 2PM CT. I cannot be on the call because of prior commitment, but I will post a link to the replay.

Aegis Energy helps clients set up hedging programs. They are keenly aware of what is happening in the oil, gas and NGL markets.