American Gas Association

The American Gas Association, www.aga.org has an excellent website providing information for the entire natural gas market and more. They have a weekly update that provides a tremendous amount of information. Following are a few selections from their June 15, 2007 website update.

Prices - natural gas futures began the week of June 4, 2007 at $8.19 per MMBTU (million british thermal units) and they pointed out that the demand for natural gas was a little down for the same period one year ago. The March-June 2007 four month future prices were between $7.50 and $7.59 per MMBTU and maintains a very consistent price through what has been termed a volatile market.

Weather - The "cooling" season has begun for 2007 and it is at his warmest temperatures, 9.4 percent higher than is considered normal for this time of year. The New England, Middle Atlantic and Pacific regions are warmer than usual.

Working Gas in Underground Storage - In the week ending June 8, 2007 the net injections were 92 Bcf (billion cubic feet), which resulted in raising the underground storage inventories to 2,225 bCF, which is 19.3% higher than the past five year average.

Natural Gas Production - The American Gas Association quoted the Bentek Energy, LLC for estimates in natural gas production, which was prior to extraction loses, in the lower 48 states - production reached 50.0 BCF per day on February 3, 2007 and has not fallen below that volume since that day. Daily production of natural gas has been as high as 52.7 Bcf per day in 2007 and has been between 51 and 52 Bcf for the first two weeks of June.