Compiled by Oil & Gas 360


Natural Gas Inventories as of August 23, 2019

The EIA has released its natural gas inventory report, showing a build of 60 Bcf as of August 23.

Working gas in storage was 2,857 Bcf as of Friday, August 23, 2019, according to EIA estimates. This represents a net increase of 60 Bcf from the previous week. Stocks were 363 Bcf higher than last year at this time and 100 Bcf below the five-year average of 2,957 Bcf.

Weekly Gas Storage: 60 Bcf Build - Oil and Gas 360

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At 2,857 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
(08/23/18)
5-year average
(2014-18)
Region 08/23/19 08/16/19 net change implied flow Bcf % change Bcf % change
East 682 660 22 22 633 7.7 712 -4.2
Midwest 790 760 30 30 664 19.0 783 0.9
Mountain 173 168 5 5 156 10.9 185 -6.5
Pacific 278 274 4 4 240 15.8 297 -6.4
South Central 934 935 -1 -1 801 16.6 980 -4.7
   Salt 199 205 -6 -6 188 5.9 248 -19.8
   Nonsalt 736 730 6 6 612 20.3 732 0.5
Total 2,857 2,797 60 60 2,494 14.6 2,957 -3.4
Totals may not equal sum of components because of independent rounding.

This week, storage for both the South Central region and its salt count declined. All other regions experienced a net increase this week. Stocks in every region except the 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 19.8% below the average.


Weekly Gas Storage: 60 Bcf Build - Oil & Gas 360

Source EIA

 


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