From http://www.enerfax.com : 
 
AGA Natural Gas Storage Report
 
            Week                                    Prev      
           Ending    Prev                   Prev    Year    
| Region | 1/04/01| Week | Diff | % Full | Year | % Full| 
| Prod   |  777    |  837 | -60  |  82%   |  373 |  39%  |      
| East   | 1482    | 1605 |-123  |  81%   |  933 |  50%  |  
| West   |  407    |  414 |  -7  |  81%   |  256 |  51%  |   
       
| Total  | 2666    | 2856 |-190  |  81%   | 1562 |  48%  |  
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EIA Says 2002 Natural Gas Prices to Average Just $2.05 
 
    High storage inventories are expected to keep downward pressure 
on natural gas prices throughout most of the year, according to the 
EIA. However, a sharp downturn in drilling activity and growing 
demand should rally prices for 2003, but for 2002 pressure on 
domestic wellhead prices will keep them near $2 per Mcf, the agency 
in its latest short-term energy outlook. Wellhead  prices are 
expected to average $2.05 per Mcf this year before jumping to $2.65 
per Mcf in 2003. Both estimates reflect dramatic reductions from the 
2001 average of $4.14 per Mcf. The agency's quarterly and annual 
price estimates are up slightly from its December report, when EIA 
pegged the 2002 gas price at $1.96 per Mcf. 
 
Baker Hughes December 2001 Rig Counts
  
    Baker Hughes says the international rig count for December 2001 
was 752, up 11 from 741 in November 2001 and up 47 from 705 in 
December 2000. The international offshore rig count for December 2001 
was 222 up 2 from 220 in November 2001 and up 21 from 201 in December 
2000. The USrig count for December 2001 was 901 down 99 from 1,000 
in November 2001 and down 196 from 1,097 in December 2000. The 
Canadian rig count for December 2001 was 264 down 2 from 266 in 
November 2001 and down 146 from 410 in December 2000. The worldwide 
rig count for December 2001 was 1,917 down 90 from 2,007  in November 
2001 and down 295 from 2,212 in December 2000. 
 
Bob Brooks
GPCM Natural Gas Market Forecasting Systemhttp://gpcm.rbac.com