Report: Weekly data for March 2002, was altered using a single dimensional line graph between the calculated weekly aproximates that end March 1 and the initial aproximate from the government report on March 15. The light gray area shows the range between the historical minimum and maximum values for the weekly succession from 2000 through 2004.

The dashed vertical lines indicate current and year-ago weekly periods for December 2007.

Working Natural Gas Storage Report
Working gas in storage was 3,121 Bcf as of the end of December 2006, according to Energy estimates. This is a net decline of 46 Bcf from the previous week. Stocks were 458 Bcf higher in comparison to last year at this same time and 355 Bcf higher then the 5-year average of 2,766 Bcf. In the East Region which includes Texas, stocks were 165 Bcf above the 5-year average following net withdrawals of 28 Bcf. Stocks in the Producing Region were 154 Bcf above the 5-year average of 793 Bcf after a net injection of 6 Bcf. Stocks in the West Region were 36 Bcf above the 5-year average after a net drawdown of 24 Bcf. At 3,121 Bcf, total working gas is above the 5-year historical range. The consensus is that the natural gas storage report for the current week is rated excellent and the expectation is that this rating will not continue for much longer.
Working Gas in Underground Storage Compared with 5-Year Range
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Working Gas in underground storage directly affects the daily electric market price rates in Texas. The reason for this is because the Texas Market Clearing Price for Energy has a 90% correlation with the natural gas market rate. Due to supply and demand factors the natural gas storage report has a daily affect on electric rates in Texas. View the graph: Working natural gas in storage comparison with 5 year Range.
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Texas Average Natural Gas Rate:
City Gate:
*Average Rates as of October 2006

 

$5.35/thousand cu ft
Moderate temperatures in Texas continue to support a favorable natural gas surplus causing gas and electricity rates to go down.
Natural Gas Storage Report Analysis:
The market overall shows an upward trend in natural gas storage surpluses for the next few weeks but this is unlikely to continue for long.
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*Average Rates as of October 2006
7.68 cents/kWh
Industrial
10.01 cents/kWh
Commercial
Texas Average Commercial Electricity :
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Quick Facts :

 
  • Texas leads all other States in both total production and consumption of energy.
  • Texas leads the Nation in both oil and gas production when output from the Federal Outer Continental Shelf is not included.  
  • With more than one fourth of U.S. oil refining capacity, Texas is the Nation’s leading refining State.
  • Texas is the largest producer of wind power in the United States, with about 1,600 wind farms installed in West Texas alone.
  • The Colonial Pipeline, originating in Houston, is the largest refined product pipeline in the United States.
  • The Texas Interconnect power grid, which serves most of the State, is one of only three power grids in the continental United States.
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