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Weekly Gas Storage: Inventories increase by 41 Bcf

Weekly Gas Storage: Inventories increase by 41 Bcf

click here to read this article at oilandgas360.com
*this article was not written by Roseland Oil & Gas


Natural Gas Inventories as of July 14, 2023

Weekly Gas Storage: Inventories increase by 41 Bcf

The EIA has released its natural gas inventory report, showing a net increase of 41 Bcf as of July 14, 2023.

Working gas in storage was 2,971 Bcf as of Friday, July 14, 2023, according to EIA estimates. This represents a net increase of 41 Bcf from the previous week. Stocks were 575 Bcf higher than last year at this time and 360 Bcf above the five-year average of 2,611 Bcf.

At 2,971 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
(7/14/23)
5-year average
(2017-21)
Region7/14/237/07/23net changeimplied flowBcf% changeBcf% change
East6616538851827.656716.6
Midwest741724171760522.564215.4
Mountain1861806614429.216115.5
Pacific23222577252-7.9268-13.4
South Central1,1501,1473  387631.397218.3
   Salt321323-2-220854.326222.5
   Nonsalt8298245566923.971016.8
Total2,9712,93041412,39624.02,61113.8
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase, except for the South Central Salt.

All regions, except for the the Pacific regions are above the five-year average.


click here to read this article at oilandgas360.com
*this article was not written by Roseland Oil & Gas