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


Natural Gas Inventories as of July 5, 2019

The EIA has released its natural gas inventory report, showing a build of 81 Bcf as of July 5.

Working gas in storage was 2,471 Bcf as of Friday, July 5, 2019, according to EIA estimates. This represents a net increase of 81 Bcf from the previous week. Stocks were 275 Bcf higher than last year at this time and 142 Bcf below the five-year average of 2,613 Bcf.

Weekly Gas Storage: 81 Bcf Build - Oil & Gas 360

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At 2,471 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
(07/05/18)
5-year average
(2014-18)
Region 07/05/19 06/28/19 net change implied flow Bcf % change Bcf % change
East 544 526 18 18 477 14.0 561 -3.0
Midwest 597 568 29 29 474 25.9 610 -2.1
Mountain 140 134 6 6 142 -1.4 165 -15.2
Pacific 263 255 8 8 260 1.2 290 -9.3
South Central 927 907 20 20 843 10.0 987 -6.1
   Salt 257 259 -2 -2 239 7.5 283 -9.2
   Nonsalt 669 648 21 21 604 10.8 704 -5.0
Total 2,471 2,390 81 81 2,196 12.5 2,613 -5.4
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 two. 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 15.2% below the average.

Weekly Gas Storage: 81 Bcf Build - Oil & Gas 360

Source: EIA

 


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