Posted February 20, 2015
Natural Gas Inventory Exceeds Five-Year Average for First Time Since Nov. 2013
EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.
Read more: http://1.usa.gov/1vlcUvd
More industry news:
SMU’s Weinstein: U.S. Energy Abundance Achieved Despite Feds: http://bit.ly/1zsO4pG
Why These New York Towns Hope Pennsylvania Might Adopt Them: http://wapo.st/1ASmNDc
Marcellus Shale Breathes New Life into Old Pennsylvania Coal Plant: http://bit.ly/1zsRw3w
Alaska Deep-Water Port Proposed for Vessels in Arctic Waters: http://bit.ly/1FD35fO
Why the Arctic is the Gateway to U.S. Energy Security: http://bit.ly/17jMcba
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.