Compiled by Oil & Gas 360


Natural Gas Inventories as of August 30, 2019

The EIA has released its natural gas inventory report, showing a build of 84 Bcf as of August 30.

Working gas in storage was 2,941 Bcf as of Friday, August 30, 2019, according to EIA estimates. This represents a net increase of 84 Bcf from the previous week. Stocks were 383 Bcf higher than last year at this time and 82 Bcf below the five-year average of 3,023 Bcf.

Natural Gas Inventories as of August 23, 2019. Weekly Build of 84 Bcf - Oil and Gas 360

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At 2,941 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
(08/30/18)
5-year average
(2014-18)
Region 08/30/19 08/23/19 net change implied flow Bcf % change Bcf % change
East 714 682 32 32 656 8.8 735 -2.9
Midwest 827 790 37 37 697 18.7 816 1.3
Mountain 177 173 4 4 161 9.9 188 -5.9
Pacific 276 278 -2 -2 245 12.7 300 -8.0
South Central 947 934 13 13 799 18.5 985 -3.9
   Salt 197 199 -2 -2 184 7.1 247 -20.2
   Nonsalt 749 736 13 13 615 21.8 738 1.5
Total 2,941 2,857 84 84 2,558 15.0 3,023 -2.7
Totals may not equal sum of components because of independent rounding.

This week, storage for Pacific and both the South Central region and it’s 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 20.2% below the average.

Weekly Gas Storage: 84 Bcf Build - Oil & Gas 360

Source: EIA

 


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