Acceptance Natural Gas Demand to Stay High on Cold Weather Forecast

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1 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX Jan-18 Contract (CT) NYMEX NG Futures 1YR Strip #DIV/! #DIV/! 218 #DIV/! #DIV/! 5YR Strip #DIV/! #DIV/! I N T H E N E W S Shale Gas May Rescue Appalachian Economies If It Can Win Public Acceptance Forbes reported: Coal s downfall has exacerbated Appalachia s economic struggles. But the emergence of shale gas has the potential to help liberate the region, although critics are concerned that such production would also leave an indelible environmental footprint that could do more harm than good. In- 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) Shale Gas May Rescue Appalachian Economies If It Can Win Public Acceptance Natural Gas Demand to Stay High on Cold Weather Forecast deed, a study just released says that the Utica and Marcellus Shale basins will provide 37% of the nation s natural gas production by 24, making it the best place nationally for manufacturers to invest even more than the Gulf Coast. IHS Markit concludes that the region, which is made up of Ohio, Pennsylvania and West Virginia and which it calls Shale Crescent USA, will provide a significant financial advantage when compared to the Gulf Coast. It specifically refers to chemical plants, which would use wet natural gas as a feedstock to manufacture end products like plastics. Those so-called natural gas liquids are comprised of such chemicals as butane, ethane, methane and propane. The analysis adds that the Ohio, Pennsylvania and West Virginia have an advantage because their supplies are closer to where the shale gas would be consumed, and because of abundant fresh water supplies. For more visit forbes.com or click Natural Gas Demand to Stay High on Cold Weather Forecast 24/7 Wall St reported: The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 86 billion cubic feet for the week ending March 16. Analysts were expecting a storage withdrawal between 86 billion and 96 billion cubic feet. Natural gas futures for April delivery traded up about.8% in advance of the EIA s report, at around $2.65 per million BTUs. For more visit 247wallst.com or click Prompt Natural Gas (NG) Daily Sentiment BEARISH RESISTANCE 2.73 & 2.78 SUPPORT 2.65 & 2.61 Trading Summary NATURAL GAS Futures Close Change NG (.21) Volume 327,414 (26,39) Open Int. 1,398,78 (4,8) CRUDE AND GASOLINE Futures Close Change Crude 64.3 (.87) RBOB 2.96 (.26) Crude/NG (.23) METALS Futures Close Change Gold 1, EQUITIES Exchange Close Change DOW 23, (724.42) S&P (68.24) CURRENCY Currency Close Change EUR/USD USD/CND (.82) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 Month: March 218 Day Price Day Price Average (Mar) (through 3/22/218) Average (Feb) Average (Jan) N A T U R A L G A S B A S I S F U T U R E S, H E N R Y H U B S P O T P R I C E S, A N D F O R W A R D C U R V E Waha Basis (platts Iferc) CME NG Option Prices ATM Call CME NG Option Prices ATM Put /1/ /1/22 3/1/221 8/1/221 1/1/222 6/1/222 11/1/222 4/1/223 9/1/223 2/1/224 7/1/224 12/1/224 5/1/225 1/1/225 3/1/226 8/1/ Sumas Basis (platts Iferc) Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) Henry Hub Daily Spot Price 4.25 NYMEX Natural Gas Forward Curve MAR 218 FEB 218 JAN San Juan Basis (platts Iferc) Month Strike Close Imp Vol May-18 Jun Jul-18 Aug-18 Sep-18 Month Strike Close Imp Vol May-18 Jun Jul-18 Aug-18 Sep-18 Transco Zone 4 Basis (platts Iferc) NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Page 2

3 W E E K L Y G A S I N U N D E R G R O U N D S T O R A G E W I T H 5 - Y R R A N G E Release Date: Mar 22, 218 O B S E R V E D S N O W D E P T H Rig Count Report Date: March 16, 218 Total Change US - + CN (54) EIA Weekly NG Storage Actual and Surveys for March 15, 218 Released March 22, 218 Range (47) to (9) PIRA (82) ARM (88) Reuters (81) EIA ACTUAL (86) Total Working Gas In Storage 1,446 BCF (86) BCF (LAST WEEK) (667) BCF (LAST YEAR) (329) BCF (5-YR AVG) 2 4 H O U R S N O W F A L L F O R E C A S T U.S. Natural Gas Supply Gas Week 3/16 3/22 Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply Last Week (BCF/d) Dry Production Total Supply [NEXT REPORT ON Mar 29] U.S. Natural Gas Demand Gas Week 3/16 3/222 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand +9.2 Last Week (BCF/d) Power Total Demand [NEXT REPORT ON Mar 29] Page 3

4 W E A T H E R H I G H / L O W T E M P E R A T U R E S A T U R D A Y HIGH Temperature LOW Temperature W E A T H E R H I G H / L O W T E M P E R A T U R E S U N D A Y HIGH Temperature LOW Temperature W E A T H E R H I G H / L O W T E M P E R A T U R E M O N D A Y HIGH Temperature LOW Temperature Page 4

5 W E A T H E R 6 T O 1 D A Y O U T L O O K N O A A Temperature Precipitation W E A T H E R 8 T O 1 4 D A Y O U T L O O K N O A A Temperature Precipitation W E A T H E R 3 D A Y O U T L O O K N O A A Temperature Precipitation Page 5

6 1 7/1/218 11/1/218 3/1/219 7/1/ /1/218 11/1/218 3/1/219 7/1/219 E T H A N E F U T U R E S, N G / E T H A N E R A T I O, P R O P A N E F U T U R E S, A N D T H E F R A C S P R E A D Ethane Futures 1.7 Ethane / Natural Gas Ratio CME Future Prices Ethane (C2) Non-LDH Mont Belvieu (cents/gallon) Propane Futures Frac Spread 1YR Strip CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) 1YR Strip Page 6

7 9/1/219 1/1/22 5/1/22 9/1/22 1/1/221 5/1/221 9/1/221 1/1/222 5/1/222 9/1/222 1/1/223 5/1/223 9/1/223 1/1/224 3/1/219 1/1/22 11/1/22 4/1/221 9/1/221 2/1/222 7/1/222 12/1/222 5/1/223 1/1/223 3/1/224 8/1/224 1/1/225 6/1/225 11/1/225 4/1/226 9/1/226 9/1/219 1/1/22 5/1/22 9/1/22 1/1/221 5/1/221 9/1/221 1/1/222 5/1/222 9/1/222 1/1/223 5/1/223 9/1/223 1/1/224 5/1/224 9/1/224 1/1/225 Prompt WTI (CL) Crude Daily Sentiment BEARISH RESISTANCE & 61.9 SUPPORT 6.83 & 6.46 FOLLOW US ON TWITTER: NYMEX Brent (BZ) May (.56) Jun (.69) Jul (.69) Aug (.68) Sep (.65) Oct (.63) Nov (.6) Dec (.59) Jan (.57) Feb (.56) Mar (.55) Apr (.54) May (.52) Jun (.5) Jul (.49) Aug (.47) Sep (.46) Oct (.45) Nov (.43) Dec (.42) Jan (.42) Feb (.42) Mar (.4) Apr (.38) 1YR Strip (.61) (.64) 5YR Strip 6.62 (.4) B R E N T C R U D E F O R W A R D C U R V E W T I C R U D E F O R W A R D C U R V E W T I B R E N T S P R E A D (1) (2) (3) (4) (5) (6) (7) (8) (9) (1) FRAC Spread Specifications Ethane : 42% Propane: 28% Butane: 11% 66,5 btu/g 9,83 btu/g 12,916 btu/g Iso-Butane: 6% 98,935 btu/g Natural Gasoline: 13% 115,21 btu/g Prompt NGL Futures ($/gallon) Apr-18 Butane Iso-Butane Nat Gasoline Close Change.97 (.2).97 (.1) (.7) NYMEX WTI (CL) Futures May (.87) Jun (.77) Jul (.71) Aug (.63) Sep (.58) Oct (.52) Nov (.47) Dec (.43) Jan (.4) Feb (.38) Mar (.36) Apr (.35) May (.33) Jun (.27) Jul (.25) Aug (.25) Sep (.24) Oct (.23) Nov (.23) Dec (.23) Jan (.23) Feb (.23) Mar (.23) Apr (.24) 1YR Strip 62.6 (.54) (.62) 5YR Strip (.26) Page 7