UPDATE: Natural Gas Inventory +37 bcf vs +45 bcf Expected

June 30, 2016 10:30 AM EDT
(Updated - June 30, 2016 10:31 AM EDT)

  • Natural Gas Inventory +37 bcf vs +45 bcf Expected

Working gas in storage was 3,140 Bcf as of Friday, June 24, 2016, according to EIA estimates. This represents a net increase of 37 Bcf from the previous week. Stocks were 582 Bcf higher than last year at this time and 637 Bcf above the five-year average of 2,503 Bcf. At 3,140 Bcf, total working gas is above the five-year historical range.

Stocks
billion cubic feet (Bcf)
Year ago
(06/24/15)
5-year average
(2011-15)
Region06/24/1606/17/16net changeimplied flow Bcf% changeBcf% change
East632 612 20 20 544 16.2 569 11.1
Midwest742 724 18 18 538 37.9 575 29.0
Mountain198 194 4 4 154 28.6 144 37.5
Pacific315 C318 -3 2 C 333 -5.4 297 6.1
South Central1,253 1,255 -2 -2 990 26.6 918 36.5
Salt360 366 -6 -6 293 22.9 238 51.3
Nonsalt893 890 3 3 696 28.3 680 31.3
Total3,140 C3,103 37 42 C 2,558 22.8 2,503 25.4


C=Reclassification.

Non-flow-related adjustments decreased working gas stocks by approximately 5 Bcf in the Pacific region for the week ending June 24, 2016. The implied flow for the week is an increase of 42 Bcf to working gas stocks. (See Notes and Definitions for more information on "implied flow.")

Working Gas in Underground Storage Compared with Five-Year Range

Note: The shaded area indicates the range between the historical minimum and maxim



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Commodities, ETFs, Economic Data