Liberty Utilities proposes $340 million underground natural gas pipeline project Mississippi's largest gas utility to raise rates for 260,000

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1 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 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 Jan (.71) Feb (.68) Mar (.61) Apr (.37) May (.31) Jun (.29) Jul (.27) Aug (.26) Sep (.26) Oct (.25) Nov (.22) Dec (.21) Jan (.19) Feb (.16) Mar (.1) Apr May Jun Jul Aug Sep Oct Nov Dec YR Strip (.37) (.37) 5YR Strip (.2) I N T H E N E W S Liberty Utilities proposes $34 million underground natural gas pipeline project WMUR reported: EPPING, N.H. Liberty Utilities wants to build an underground pipeline to bring natural gas to New Hampshire customers. The Granite Bridge Project would bring natural gas to customers through a pipeline between Stratham and Manchester. The pipeline would be built completely 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) Liberty Utilities proposes $34 million underground natural gas pipeline project Mississippi's largest gas utility to raise rates for 26, on state property, completely buried within the New Hampshire Department of Transportation's right of way along Route 11. Liberty Utilities said the $34 million proposal would cause bill increases of $2.67 per month for the average customer but that the project would lower heating bills over time. The plan also calls for a storage facility in Epping, which would allow the company to buy natural gas in the summer when it's cheaper and use it in the winter, when prices are higher. Liberty Utilities said it's nearing capacity on its existing pipeline and that this would encourage business development. For more visit wmur.com or click Mississippi's largest gas utility to raise rates for 26, The Houston Chronicle reported: JACKSON, Miss. (AP) Natural gas bills will rise beginning Jan. 1 for customers of Mississippi's largest gas utility, after regulators approved plans Tuesday for Dallasbased Atmos Energy Corp to raise rates on its 26, Mississippi customers. Rates for a yardstick residential customer should go up by more than $2 a month, with most of the money going to pay for Atmos to repair and replace aging pipes and infrastructure. Atmos spokesman Robert Lesley said bills for a yardstick residential customer would rise from $51.54 now to $54.38, but Brandi Myrick of the Public Utilities Staff said almost $1 of that amount would be offset by other money Atmos will be refunding. Separately, Atmos will spend $5 million next year with the goal of adding 1, residential customers. The increases are projected to raise the company's revenue by about $9 million next year. For more visit houstonchronicle.com or click Prompt Natural Gas (NG) Daily Sentiment BEARISH RESISTANCE 2.98 & 3.5 SUPPORT 2.86 & 2.8 Trading Summary NATURAL GAS Futures Close Change NG (.71) Volume 627,6 (179,588) Open Int. 1,447,93 19,756 CRUDE AND GASOLINE Futures Close Change Crude RBOB Crude/NG METALS Futures Close Change Gold 1, EQUITIES Exchange Close Change DOW 24,18.64 (19.41) S&P 5 2, (9.87) CURRENCY Currency Close Change EUR/USD (.4) USD/CND (.15) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 Month: December 217 Day Price Day Price Average (Dec) (through 12/5/217) Average (Nov) Average (Oct) 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) 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/ /5/217 11/28/217 11/6/217 CME NG Option Prices ATM Call CME NG Option Prices ATM Put /1/219 6/1/219 11/1/219 4/1/22 9/1/22 2/1/221 7/1/221 12/1/221 5/1/222 1/1/222 3/1/223 8/1/223 1/1/224 6/1/224 11/1/224 4/1/225 9/1/225 2/1/226 7/1/226 12/1/226 5/1/227 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/221 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/221 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/ Sumas Basis (platts Iferc) Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) /5/217 11/28/217 11/6/217 12/5/217 11/28/217 11/6/217 12/5/217 11/28/217 11/6/217 Henry Hub Daily Spot Price 4.25 NYMEX Natural Gas Forward Curve DEC 217 NOV 217 OCT /5/217 11/28/217 11/6/ San Juan Basis (platts Iferc) 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/221 12/5/217 11/28/217 11/6/ /1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 9/1/22 11/1/22 1/1/221 3/1/221 5/1/221 7/1/221 Month Strike Close Imp Vol Jan Feb Mar Apr May Month Strike Close Imp Vol Jan Feb Mar Apr-18 May Transco Zone 4 Basis (platts Iferc) 12/5/217 11/28/217 11/6/217 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 Rig Count Report Date: December 1, 217 Total Change US CN EIA Weekly NG Storage Actual and Surveys for November 23, 217 Released November 3, 217 Release Date: November 3, 217 O B S E R V E D S N O W D E P T H PIRA (32) SMC (37) Reuters (37) EIA ACTUAL (33) Total Working Gas In Storage 3,693 BCF 2 4 H O U R S N O W F A L L F O R E C A S T (33) BCF (LAST WEEK) (39) BCF (LAST YEAR) (17) BCF (5-YR AVG) U.S. Natural Gas Supply Gas Week 11/23 11/29 Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply Last Week (BCF/d) Dry Production Total Supply [NEXT REPORT ON Dec 7] U.S. Natural Gas Demand Gas Week 11/23-11/29 Average daily values (BCF/D): Last Year (BCF/d) Power +2.7 Total Demand +81. Last Week (BCF/d) Power +22. Total Demand [NEXT REPORT ON Dec 7] 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 T O M O R R O W HIGH Temperature LOW Temperature 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 Page 4

5 1/1/218 3/1/218 5/1/218 7/1/218 9/1/218 11/1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 1/1/218 2/1/218 3/1/218 4/1/218 5/1/218 6/1/218 7/1/218 8/1/218 9/1/218 1/1/218 11/1/218 12/1/218 1/1/219 2/1/219 3/1/219 4/1/219 1/1/218 3/1/218 5/1/218 7/1/218 9/1/218 11/1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 3/1/22 5/1/22 7/1/22 1/1/218 2/1/218 3/1/218 4/1/218 5/1/218 6/1/218 7/1/218 8/1/218 9/1/218 1/1/218 11/1/218 12/1/218 1/1/219 2/1/219 3/1/219 4/1/219 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) Jan (.9) Feb (.8) Mar (.4) Apr (.4) May (.3) Jun (.2) Jul (.1) Aug Sep Oct Nov Dec (.1) /5/217 11/28/217 11/6/217 Propane Futures 12/5/217 11/28/217 11/6/ /5/217 11/28/217 11/6/217 Frac Spread 12/5/217 11/28/217 11/6/217 1YR Strip.263 (.3) CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YR Strip Page 5

6 2/1/218 6/1/218 1/1/218 2/1/219 6/1/219 1/1/219 2/1/22 6/1/22 1/1/22 2/1/221 6/1/221 1/1/221 2/1/222 6/1/222 1/1/222 2/1/223 6/1/223 1/1/223 1/1/218 6/1/218 11/1/218 4/1/219 9/1/219 2/1/22 7/1/22 12/1/22 5/1/221 1/1/221 3/1/222 8/1/222 1/1/223 6/1/223 11/1/223 4/1/224 9/1/224 2/1/225 7/1/225 12/1/225 5/1/226 2/1/218 6/1/218 1/1/218 2/1/219 6/1/219 1/1/219 2/1/22 6/1/22 1/1/22 2/1/221 6/1/221 1/1/221 2/1/222 6/1/222 1/1/222 2/1/223 6/1/223 1/1/223 2/1/224 6/1/224 1/1/224 Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & 56.5 SUPPORT 55.4 & FOLLOW US ON TWITTER: NYMEX Brent (BZ) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan B R E N T C R U D E F O R W A R D C U R V E /5/217 11/28/217 11/6/217 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) 12/5/217 11/28/217 11/6/217 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) Jan-18 Butane Iso-Butane Nat Gasoline Close Change NYMEX WTI (CL) Futures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YR Strip YR Strip (7) 12/5/217 11/28/217 11/6/217 1YR Strip YR Strip Page 6