Saturday, December 28, 2024

Weekly Gas Storage: 87 Bcf build

Natural Gas Inventories as of October 18, 2019

The EIA has released its natural gas inventory report, showing a build of 87 Bcf.

Working gas in storage was 3,606 Bcf as of Friday, October 18, 2019, according to EIA estimates. This represents a net increase of 87 Bcf from the previous week. Stocks were 519 Bcf higher than last year at this time and 28 Bcf above the five-year average of 3,578 Bcf.

At 3,606 Bcf, total working gas is within the five-year historical range.

Weekly Gas Storage: 87 Bcf build - oil and gas 360

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Working gas in underground storage, Lower 48 states
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(10/18/18)
5-year average
(2014-18)
Region 10/18/19 10/11/19 net change implied flow Bcf % change Bcf % change
East 898 880 18 18 823 9.1 886 1.4
Midwest 1,069 1,044 25 25 930 14.9 1,034 3.4
Mountain 208 205 3 3 177 17.5 209 -0.5
Pacific 297 296 1 1 262 13.4 322 -7.8
South Central 1,134 1,093 41 41 893 27.0 1,129 0.4
   Salt 268 246 22 22 216 24.1 303 -11.6
   Nonsalt 866 847 19 19 677 27.9 825 5.0
Total 3,606 3,519 87 87 3,087 16.8 3,578 0.8
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase this week.

Stocks in every region except the East, Midwest, and South Central nonsalt are below the five-year average.  The salt count in the South Central region is the farthest below the five-year average, at 11.6% below the average.

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