UPDATE: Natural Gas Inventory +81 bcf vs +77 bcf Expected
Tweet
Share
E-mail- Natural Gas Inventory +81 bcf vs +77 bcf Expected
Working gas in storage was 2,525 Bcf as of Friday, May 26, 2017, according to EIA estimates. This represents a net increase of 81 Bcf from the previous week. Stocks were 370 Bcf less than last year at this time and 225 Bcf above the five-year average of 2,300 Bcf. At 2,525 Bcf, total working gas is within the five-year historical range.
| Stocks billion cubic feet (Bcf) | Year ago (05/26/16) | 5-year average (2012-16) | |||||||||||||||||||||||
| Region | 05/26/17 | 05/19/17 | net change | implied flow | Bcf | % change | Bcf | % change | |||||||||||||||||
| East | 419 | 390 | 29 | 29 | 533 | -21.4 | 479 | -12.5 | |||||||||||||||||
| Midwest | 585 | 562 | 23 | 23 | 651 | -10.1 | 496 | 17.9 | |||||||||||||||||
| Mountain | 166 | C | 166 | 0 | 4 | C | 177 | -6.2 | 137 | 21.2 | |||||||||||||||
| Pacific | 258 | 250 | 8 | 8 | 303 | -14.9 | 282 | -8.5 | |||||||||||||||||
| South Central | 1,097 | 1,076 | 21 | 21 | 1,231 | -10.9 | 905 | 21.2 | |||||||||||||||||
| Salt | 342 | 338 | 4 | 4 | 370 | -7.6 | 261 | 31.0 | |||||||||||||||||
| Nonsalt | 755 | 738 | 17 | 17 | 860 | -12.2 | 644 | 17.2 | |||||||||||||||||
| Total | 2,525 | C | 2,444 | 81 | 85 | C | 2,895 | -12.8 | 2,300 | 9.8 | |||||||||||||||
C=Reclassification | |||||||||||||||||||||||||
Reclassifications from working gas to base gas resulted in decreased working gas stocks of approximately 4 Bcf in the Mountain region for the week ending May 26, 2017. The implied flow for the week is an increase of 85 Bcf to working gas stocks. (See Notes and Definitions for more information on "implied flow.")
For information on sampling error in this report, see Estimated Measures of Sampling Variability table below.
Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2012 through 2016. The dashed vertical lines indicate current and year-ago weekly periods.
| Estimated measures of sampling variabilityDownload History (April 2015 to Present) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Coefficient of Variation for Stocks % of working gas | Standard Error for Net Change billion cubic feet (Bcf) | ||||||||||
| Region | 05/26/17 | 05/19/17 | net change | ||||||||
| East | 1.8 | 1.8 | 1.0 | ||||||||
| Midwest | 1.4 | 1.4 | 0.8 | ||||||||
| Mountain | 2.4 | 3.7 | 2.6 | ||||||||
| Pacific | 4.4 | 5.0 | 1.2 | ||||||||
| South Central | 1.8 | 1.9 | 0.8 | ||||||||
| Salt | 3.8 | 3.9 | 0.6 | ||||||||
| Nonsalt | 2.0 | 2.0 | 0.5 | ||||||||
| Total | 1.0 | 1.1 | 3.2 | ||||||||
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natural Gas Inventory 87 bcf vs 81 bcf Expected
- US consumer confidence rises in June on lower gas prices
- JOLTS Job Openings (May) 7.59M vs 7.3M Expected
Create E-mail Alert Related Categories
Commodities, ETFs, Economic DataSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
