Friday, December 27, 2024

Weekly Gas Storage: Inventories Build Again

Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360


Natural Gas Inventories as of June 28, 2019

The EIA has released its natural gas inventory report, showing a build of 89 Bcf as of June 28.

Working gas in storage was 2,390 Bcf as of Friday, June 28, 2019, according to EIA estimates. This represents a net increase of 89 Bcf from the previous week. Stocks were 249 Bcf higher than last year at this time and 152 Bcf below the five-year average of 2,542 Bcf.

Weekly Gas Storage: Inventories Build Again - Oil & Gas 360
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At 2,390 Bcf, total working gas is within the five-year historical range.

Working gas in underground storage, Lower 48 states
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(06/28/18)
5-year average
(2014-18)
Region 06/28/19 06/21/19 net change implied flow Bcf % change Bcf % change
East 526 499 27 27 456 15.4 536 -1.9
Midwest 568 538 30 30 451 25.9 583 -2.6
Mountain 134 127 7 7 138 -2.9 160 -16.3
Pacific 255 245 10 10 256 -0.4 286 -10.8
South Central 907 893 14 14 840 8.0 976 -7.1
   Salt 259 263 -4 -4 246 5.3 284 -8.8
   Nonsalt 648 630 18 18 594 9.1 693 -6.5
Total 2,390 2,301 89 89 2,141 11.6 2,542 -6.0
Totals may not equal sum of components because of independent rounding.

 

All regions experienced a net increase this week, however the South Central salt count declined by four. Stocks in every region are below the five-year average. Gas in storage in the Mountain region is the farthest below the five-year average for the area, at 16.3% below the average.

Weekly Gas Storage: Inventories Build Again - Oil & Gas 360
Source: EIA

 

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