Natural Gas Storage Outlook

Weekly Storage Outlook. BENTEK's EMF Weekly Storage Outlook is a detailed analysis of total storage inventories during the week immediately prior to publication date of the Outlook. The data window of this report is designed to coincide with the natural gas inventory sampling procedures used by the Energy Information Agency in their “Weekly Natural Gas Storage Report,” usually released each Thursday at 10:30 a.m. Eastern time. BENTEK’s Weekly Storage Outlook is usually published on the prior Tuesday at approximately 10:00 a.m. Eastern time.

Our Weekly Storage Outlook is based on injections and withdrawals from each storage facility in BENTEK’s Energy Data Warehouse. The Outlook covers about 60% of the capacity in EIA’s Eastern Region, 25% of Producing Region capacity and 90% of Western Region capacity. BENTEK’s weekly estimate is based on source data from this sample and a model of storage behavior from non-covered facilities. All source data is based on pipeline storage injections/withdrawals, plus pipeline system inventory balances when the data is available. Our data sources do not extend to volumes on certain intrastate pipelines and other facilities not subject to Federal Energy Regulatory Commission (FERC) jurisdiction. However, our Production Region storage model does derive certain information from BENTEK’s Texas Intrastate Report and Gulf Coast Production Monitor.

Daily Storage Range. During the week prior to our Tuesday publication of the Weekly Storage Outlook, we publish a Daily Storage Range. This report uses the same basic methodology as the Weekly Outlook, and provides a view of the EIA gas storage numbers up to nine days prior to the EIA publication date. That is, the publication cycle for our Daily Storage Range provides a high-low range of the EIA storage numbers based on the best data available nine days prior to the EIA publication date. Each day our model tightens that range as more data becomes available. Finally, on the Tuesday two days to the EIA publication date, we tighten the range to a single value for each EIA region and publish the Weekly Storage Outlook described above.

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