EIA Weekly Natural Gas Storage Report: UP 57 Bcf

The new front futures, August, are down 9.5 cents at $2.703.
Estimates of injections for the week ending June 22 had been 50 to 55 Bcf.
From the U.S. Energy Information Administration:

Released: June 28, 2012 at 10:30 a.m. (eastern time) for the Week Ending June 22, 2012.
Next Release: July 6, 2012

Working Gas in Underground Storage, Lower 48

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Region	Stocks in billion cubic feet (Bcf)			Historical Comparisons
	06/22/12	06/15/12	Change	Year Ago (06/22/11)		5-Year (2007-2011) Average
				Stocks (Bcf)	% Change	Stocks (Bcf)	% Change
East	1,477	1,443	34	1,111	32.9	1,189	24.2
West	456	447	9	331	37.8	372	22.6
Producing	1,130	1,116	14	967	16.9	890	27.0
Total	3,063	3,006	57	2,410	27.1	2,450	25.0

Notes and Definitions Beginning with the report period for the week ending March 16, 2012, EIA is including salt dome and nonsalt-dome subtotals for the Producing Region in the Summary section.   The sum of the components may not equal the total for the Producing Region, because of independent rounding.

Summary Working gas in storage was 3,063 Bcf as of Friday, June 22, 2012, according to EIA estimates. This represents a net increase of 57 Bcf from the previous week. Stocks were 653 Bcf higher than last year at this time and 613 Bcf above the 5-year average of 2,450 Bcf. In the East Region, stocks were 288 Bcf above the 5-year average following net injections of 34 Bcf. Stocks in the Producing Region were 240 Bcf above the 5-year average of 890 Bcf after a net injection of 14 Bcf. Stocks in the West Region were 84 Bcf above the 5-year average after a net addition of 9 Bcf. At 3,063 Bcf, total working gas is above the 5-year historical range.

Working gas stocks in the Producing Region, for the week ending June 22, 2012, totaled 1,130 Bcf, with 267 Bcf in salt cavern facilities and 862 Bcf in nonsalt cavern facilities. Working gas stocks increased 2 Bcf in the salt cavern facilities and increased 11 Bcf in the nonsalt cavern facilities since June 15. An historical series of the salt and nonsalt subtotals of the Producing Region is available for download at: wngsr_producing_region_salt.xls.