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The natural gas storage report from the EIA for the week ending April 2nd indicated that the amount of natural gas held in underground storage in the US rose by 20 billion cubic feet to 1,784 billion cubic feet by the end of the week, which left our gas supplies 235 billion cubic feet, or 11.6% below the 2,019 billion cubic feet that were in storage on April 2nd of last year, and 36 billion cubic feet, or 1.3% below the five-year average of 1,808 billion cubic feet of natural gas that have been in storage as of the 2nd of April in recent years..the 20 billion cubic feet that were added to US natural gas storage this week was less than the average forecast of a 27 billion cubic foot addition from an S&P Global Platts survey of analysts, and was also less than the 30 billion cubic feet added to natural gas storage during the corresponding week of a year earlier, but was well more than the average addition of 8 billion cubic feet of natural gas that have typically been injected into ....
MATT OLBERDING Lincoln Journal Star Unprecedented winter weather in Texas has caused oil and gas prices to rise.The frigid temperatures increased fuel demand but also halted wells and refineries across the state. Texas rare cold snap left millions without power last night in controlled outages. Black Hills Energy customers in Nebraska are facing some significant rate increases to pay for costs the company incurred to keep furnaces and fireplaces running during the extreme cold in February. Black Hills officials told the Nebraska Public Service Commission during a workshop Tuesday that the utility spent $80 million in Nebraska to purchase natural gas from Feb. 12-18 â more than it spends in a typical year. Over the past five years, the company never spent more than $13 million on gas for the entire month of February. ....