Posted on 05/08/2003 10:33:25 AM PDT by BOBTHENAILER
Weekly Natural Gas Storage Report
EIA Home > Natural Gas > Weekly Natural Gas Storage
Methodology Storage Basics Schedule Historical Data
Working Gas in Underground Storage
Data Released May 08, 2003, for the Week Ending May 02, 2003 Region Stocks (Bcf) for Stocks (Bcf) for May 02, 2003 April 25, 2003 Implied Net Change (Bcf) Year Ago Stocks (Bcf) East 378 333 45 789 West 192 180 12 249 Producing 251 228 23 607 Total Lower 48 821 741 80 1,645 Region 5-Year (1998-2002) Average Stocks (Bcf) Difference from 5-Year Average (Percent) Survey Sample Coverage (Percent) 1/ Estimated Std. Error for Current Week Working Gas Stock (Bcf) 2/ East 687 -45.0 90 59 West 200 -4.0 92 10 Producing 480 -47.7 89 27 Total Lower 48 1,366 -39.9 90 65
Footnotes and Definitions
Note: The working gas inventories reported in the table incorporate net changes in base gas storage as well as working gas inventories. As a result, the implied net change estimate reflects all net withdrawals from (or net injections to) underground storage. A description of the method for handling base gas net withdrawals or injections is available in the Methodology for EIA Weekly Underground Natural Gas Storage Estimates. Cumulative net withdrawals from base gas initially increased, and peaked at an estimated 10 Bcf as of April 11, 2003. Although most base gas withdrawals subsequently have been replaced, some operators have not yet restored base gas in all their facilities.
Storage Highlights:
Working gas in storage was 821 Bcf as of Friday, May 02, 2003, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 824 Bcf less than last year at this time and 545 Bcf below the 5-year average of 1,366 Bcf. In the East Region, stocks were 309 Bcf below the 5-year average following net injections of 45 Bcf. Stocks in the Producing Region were 229 Bcf below the 5-year average of 480 Bcf after a net injection of 23 Bcf. Stocks in the West Region were 8 Bcf below the 5-year average after a net addition of 12 Bcf. At 821 Bcf, total working gas is below the 5-year historical range.
Working Gas in Underground Storage Compared with 5-Year Range
Notes: A weekly record for March 8, 2002, was linearly interpolated between the derived weekly estimates that end March 1 and the initial estimate from the EIA-912 on March 15. The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 1998 through 2002. Source: Weekly storage values from March 15, 2002, to the present are from Form EIA-912, "Weekly Underground Natural Gas Storage Report." Values for earlier weeks are from the Historical Weekly Storage Estimates Database, with the exception of March 8, 2002.
Killing ANWR is a long term forcing, last week the BLM issued their long awaited enviromental impact statement clearing the way for the drilling of an additional 51,000 coal bed methane wells in the Powder River Basin (WY & MT). The very next day a law suit was filed in Federal court on behalf of the "usual suspect" enviromental groups.
THIS IS HOW LIEBERMAN AND ALL OTHER RAT CANDIDATES WILL FORCE US TO CHANGE OUR ENERGY PRODUCTION.
Presumably, they will FORCE God to make the sun shine 24/7 for their solar panels and the wind blow around the clock for their wind-turbines.
Of course that is not all bad, should help the recall drive regarding Davis!
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My point exactly. We'll see the RAT energy policies coming together along the lines of restricting what is known, cheap, readily available; in favor of the romantic, green, far off and not feasible.
It'll sound good though.
I have emailed the link on FR for the petition to several of my non-freeper CA friends. Good Luck.
I'm off the board and headed to the links. First good day in a while.
BTN
That would be a great addition.
I'm off to hit a few golf balls. Be back on tonight.
BTN
LOL. That's why I'm itching to go.
RATwhacking, the new favorite sport.
I heard portions of Lieberman's energy speech yesterday. Essentially it is how he intends to deal with the problem -- along with no ANWR drilling and FORCING carmakers to increase fuel efficiency.
Stories told on the job and I had/have no confirmation, went like this:
The contract with the Canadians, stated that PGT could not sell that gas to any company or business that operated a business that was in direct competion with any Canadian businesses.
Another story, Once completed, the new line would be strictly a gas storage facility since the demand for natural gas at the time was not an issue.
Again, don't know if there was any truth to those stories, but that's what the scuttlebutt said at the time.
I remember that pipeline installation like it was yesterday. I lived in Denver at the time and all the work I did was around the Rocky Mountain area basins.
When that line started selling gas in California, it was the first line to take previously flared gas from Canadian wells. It was sold to CA utilities at a purposely deflated price to monopolize market share (and pay back Canadian Producers).
The net result devastated the Denver O&G business, Denver economy in general, not to mention the Rocky Mountain region as a whole. I know more people that got out of the business then, than I now know remaining in the business. It took years for that area to recover and it was the single driving force that resulted in me moving my family to N. Michigan. Things have since changed radically, but I'll never forgive the Canadian group the effected that economic damage. It is also part of CA energy problem. They had special treatment for a while and got used to it.
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