According to EIA data U.S. natural gas inventories declined by 164 bcf for the week ended Dember 10, 2010.
This compares with analyst forecasts of a natural gas storage drawdown of 159 billion to 163 billion cubic feet.
Working gas in storage was 3,561 Bcf as of Friday, December 10, 2010, according to EIA estimates. This represents a net decline of 164 Bcf from the previous week. Stocks were 35 Bcf less than last year at this time and 321 Bcf above the 5-year average of 3,240 Bcf. In the East Region, stocks were 60 Bcf above the 5-year average following net withdrawals of 111 Bcf. Stocks in the Producing Region were 237 Bcf above the 5-year average of 967 Bcf after a net withdrawal of 42 Bcf. Stocks in the West Region were 25 Bcf above the 5-year average after a net drawdown of 11 Bcf. At 3,561 Bcf, total working gas is within the 5-year historical range.