The volume of working gas pulled from storage during the week ended Feb. 16, totaled more than 100 billion cubic feet (Bcf) for the ninth consecutive week, the Energy Information Administration reported.
Working gas remaining in storage after 124 Bcf was withdrawn from storage during the week ended Feb. 16, totaled 1.76 trillion cubic feet (Tcf), down from 1.88 Tcf one week earlier. (All numbers are rounded.)
The latest EIA total was down 609 Bcf, or 25.7%, from 2.37 Tcf underground one year ago, and was down 412 Bcf, or 19.0%, from the five-year average of 2.17 Tcf, Kallanish Energy reports.
All five regions EIA divides the Lower 48 U.S. states into to track stored working gas reported a week-to-week drop in product. The largest withdrawal was in the Midwest Region, where 40 Bcf, or 8.5%, of working gas was pulled, leaving 428 Bcf remained in storage.
The latest Midwest total is down 188 Bcf, or 30.5%, from the year-ago total of 610 Bcf, and down 103 Bcf, or 19.4%, from the five-year average of 531 Bcf, EIA reported.
The South Central Region recorded 35 Bcf, or 5.4%, was pulled from storage during the week ended Feb. 16, with working gas remaining fall to 614 Bcf, down from 649 Bcf in place for the week ended Feb. 9.
The South Central total was down 348 Bcf, or 36.2% from the year-ago total of 962 Bcf, and was down 209 Bcf, or 25.4%, from the five-year average of 823 Bcf.
Source: Daily Dose of ShaleDirectories.com News
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