Friday, December 27, 2024

Weekly Gas Storage: Inventories Up 98 Bcf

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


Natural Gas Inventories as of June 21, 2019

The EIA has released its natural gas inventory report, showing a build of 98 Bcf as of June 21.

Working gas in storage was 2,301 Bcf as of Friday, June 21, 2019, according to EIA estimates. This represents a net increase of 98 Bcf from the previous week. Stocks were 236 Bcf higher than last year at this time and 171 Bcf below the five-year average of 2,472 Bcf.

Weekly Gas Storage: Inventories Up 98 Bcf - Oil & Gas 360
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At 2,301 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
(06/21/18)
5-year average
(2014-18)
Region 06/21/19 06/14/19 net change implied flow Bcf % change Bcf % change
East 499 472 27 27 427 16.9 510 -2.2
Midwest 538 503 35 35 422 27.5 555 -3.1
Mountain 127 118 9 9 132 -3.8 156 -18.6
Pacific 245 234 11 11 250 -2.0 282 -13.1
South Central 893 875 18 18 834 7.1 969 -7.8
   Salt 263 264 -1 -1 253 4.0 287 -8.4
   Nonsalt 630 612 18 18 581 8.4 682 -7.6
Total 2,301 2,203 98 98 2,065 11.4 2,472 -6.9
Totals may not equal sum of components because of independent rounding.

 

All regions experienced a net increase this week, however South Central salt is down by one. 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 18.6% below the average.

Weekly Gas Storage: Inventories Up 98 Bcf - Oil & Gas 360
Source: EIA

 

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