Note:
Reported working gas volumes for the week ended November 5, 2004 included
reclassification of 7 billion cubic feet from base gas to working gas.
Note:
Because of the forthcoming Thanksgiving holiday, the Weekly Natural Gas
Storage Report for the week ending November 19 will be released on November
24 between 12:00 p.m. and 12:10 p.m. (Eastern Time). The official release
schedule is accessible by use of the link titled "Schedule"
located on the menu bar at the top of this web page.
Note:
This report tracks U.S. natural gas inventories held in underground storage
facilities. The weekly stocks generally are the volumes of working gas
as of the report date. Changes in reported stock levels reflect all events
affecting working gas in storage, including injections, withdrawals, and
reclassifications between base and working gas.
Note: The weekly storage estimates are based on a survey sample that does not include all companies that operate underground storage facilities. The sample was selected from the list of storage operators to achieve a target standard error of the estimate of working gas in storage which was no greater than 5 percent for each region. Based on a comparison of weekly estimates and monthly data from May 2002 through Aug 2004, estimated total working gas stocks have exhibited an average absolute error of 23 billion cubic feet, or 1.1 percent. For an expanded discussion of the relationship between the current and prior estimates, please see Differences Between Monthly and Weekly Working Gas in Storage.
Storage Highlights:
Working gas in storage was 3,327 Bcf as of Friday, November 05, 2004,
according to EIA estimates. This represents a net increase of 34 Bcf from the previous week.
Stocks were 140 Bcf higher than last year at this time and 266 Bcf above
the 5-year average of 3,061 Bcf. In the East Region, stocks were 89 Bcf above
the 5-year average following net injections of 18 Bcf. Stocks in the Producing Region were 129 Bcf above
the 5-year average of 836 Bcf after a net injection of 16 Bcf. Stocks in the West Region
were 48 Bcf above the 5-year average after no net change. At 3,327 Bcf,
total working gas is above the 5-year historical range.
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