N.D. researchers to study underground storage of natural gas Court Rejects Nuns Lawsuit Intended to Halt Pipeline

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1 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX Oct-18 Contract (CT) NYMEX NG Futures Oct (.5) Nov (.49) Dec (.47) Jan (.47) Feb (.46) Mar (.44) Apr (.28) May (.25) Jun (.24) Jul (.23) Aug (.23) Sep (.24) Oct (.24) Nov (.22) Dec (.22) Jan (.2) Feb (.18) Mar (.14) Apr (.9) May (.7) Jun (.7) Jul (.6) Aug (.6) Sep (.6) 1YR Strip (.36) (.49) 5YR Strip 2.63 (.11) I N T H E N E W S N.D. researchers to study underground storage of natural gas Bismarck Tribune reported: As North Dakota oil operators struggle to meet natural gas flaring targets, a new research project will explore the possibility of temporarily storing gas in underground rock formations. The North Dakota Industrial Commission approved $14, on Friday to evaluate the potential of inject- N.D. researchers to study underground storage of natural gas Court Rejects Nuns Lawsuit Intended to Halt Pipeline ing produced natural gas underground and retrieving it years later when the state has additional infrastructure. Lynn Helms, director of the Department of Mineral Resources, said temporarily storing the gas underground could be an innovative solution for the Bakken. The alternative is more flaring or we really limit oil production growth. And we really don t want to do either one of those, Helms told members of the Industrial Commission. If we can innovate here, we may have a way to allow oil production growth and not flare gas. North Dakota produces nearly 1.27 million barrels of oil per day, a new record set in July, according to preliminary figures released Friday. For more on this story visit bismarcktribune.com or click Court Rejects Nuns Lawsuit Intended to Halt Pipeline Heartland reported: The 3rd U.S. Circuit Court of Appeals rejected a religious -freedom lawsuit brought by a group of Roman Catholic nuns from Pennsylvania to halt the Atlantic Sunrise natural gas pipeline, which is under construction through land they own. A panel of judges on the Third U.S. Circuit Court of Appeals rejected a lawsuit brought by a group of Roman Catholic nuns from Lancaster County, Pennsylvania to halt the Atlantic Sunrise natural gas pipeline, which is under construction through land they own. The Adorers of the Blood of Christ, a group of nuns who built an outdoor prayer chapel in the proposed path of the pipeline, brought the lawsuit under the 1993 Religious Freedom Restoration Act, challenging the Federal Energy Regulatory Commission s (FERCs) decision to allow energy developers to use eminent domain authority to take part of their land. For more on this story visit heartland.org or click M O N T H C A N D L E S T I C K ( W E E K L Y ) Prompt Natural Gas (NG) Daily Sentiment BEARISH RESISTANCE 2.8 & 2.83 SUPPORT 2.75 & 2.73 Trading Summary NATURAL GAS Futures Close Change NG (.5) Volume 443,37 (149,67) Open Int. 1,655,194 17,298 CRUDE AND GASOLINE Futures Close Change Crude RBOB (.227) Crude/NG METALS Futures Close Change Gold 1,195. EQUITIES Exchange Close Change DOW 26, S&P 5-2, CURRENCY Currency Close Change EUR/USD (.17) USD/CND (.27) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 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: August 2, 218 T R O P I C A L S T O R M A C T I V I T Y A T L A N T I C Rig Count Report Date: September 14, 218 Total Change US - 1,55 +7 CN EIA Weekly NG Storage Actual and Surveys for September 14, 218 Released September 14, 218 Range +5 to +93 PIRA +69 CITI +69 Reuters +69 Tropical Weather Outlook mountains. NWS National Hurricane Center Miami FL 1. A weak area of low pressure, associated with the remnants of Isaac, 8 AM EDT Mon Sep is located just south of Jamaica. Showers and thunderstorms For the North Atlantic...Caribbean Sea and the Gulf of Mexico: are currently limited, and any development should be slow to occur during the next day or so. By The National Hurricane Center is Wednesday, environmental issuing advisories on Tropical conditions are forecast to become Depression Joyce, located a few less conducive for re-development hundred miles south-southwest of the to occur when the system moves Azores. The NOAA Weather Prediction toward the Yucatan Peninsula. Center is issuing advisories on Regardless of development, locally Tropical Depression Florence, located heavy rains and gusty winds are inland over the Appalachian possible over portions of Hispaniola, Jamaica, and eastern Cuba during the next couple of days while the system moves westward to west-northwestward across the northwestern Caribbean Sea. * Formation chance through 48 hours...low...1 percent. * Formation chance through 5 days...low...1 percent.. EIA ACTUAL +69 Total Working Gas In Storage 2,636 BCF +69 BCF (LAST WEEK) (662) BCF (LAST YEAR) (596) BCF (5-YR AVG) U.S. Natural Gas Supply Gas Week 9/6 9/12 Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply Last Week (BCF/d) Dry Production Total Supply +88. [NEXT REPORT ON Sept 21] U.S. Natural Gas Demand Gas Week 9/6 9/12 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power +34. Total Demand [NEXT REPORT ON Sept 21] Page 2

3 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 NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Sumas Basis (platts Iferc) /13/218 9/6/218 8/13/ Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) /13/218 9/6/218 8/13/218 9/13/218 9/6/218 8/13/ San Juan Basis (platts Iferc) 1 1 9/13/218 9/6/218 8/13/ Waha Basis (platts Iferc) 1 1 9/13/218 9/6/218 8/13/ Month: September 218 Day Price Day Price Average (Sep) (through 9/14/218) Average (Aug) Average (Jul) Transco Zone 4 Basis (platts Iferc) 9/13/218 9/6/218 8/13/218 CME NG Option Prices ATM Call CME NG Option Prices ATM Put /1/219 1/1/22 11/1/22 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 2/1/227 Henry Hub Daily Spot Price SEP 218 AUG 218 JUL NYMEX Natural Gas Forward Curve /13/218 9/6/218 8/13/218 Month Strike Close Imp Vol Nov-18 Dec Jan-19 Feb-19 Mar-19 Nov-18 Dec Jan-19 Feb-19 Mar-19 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 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 CME Future Prices 1 1 Ethane Futures 9/13/218 9/6/218 8/13/ Ethane / Natural Gas Ratio 11/1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/ /1/ /13/218 9/6/218 8/13/218 CME Future Prices Propane (C3) Non-LDH Mont Belvieu /1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 11/1/ /1/22 Propane Futures 9/13/218 9/6/218 8/13/ Frac Spread 9/13/218 9/6/218 8/13/218 (cents/gallon) Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YR Strip (cents/gallon) Oct (.11) Nov (.16) Dec (.15) Jan (.14) Feb (.14) Mar (.15) Apr (.14) May (.14) Jun (.14) Jul (.13) Aug (.13) Sep (.14) 1YR Strip.962 (.14) Page 5

6 11/1/218 3/1/219 7/1/219 11/1/219 3/1/22 7/1/22 11/1/22 3/1/221 7/1/221 11/1/221 3/1/222 7/1/222 11/1/222 3/1/223 7/1/223 11/1/223 3/1/224 7/1/224 3/1/219 1/1/22 11/1/22 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 2/1/227 11/1/218 3/1/219 7/1/219 11/1/219 3/1/22 7/1/22 11/1/22 3/1/221 7/1/221 11/1/221 3/1/222 7/1/222 11/1/222 3/1/223 7/1/223 11/1/223 3/1/224 7/1/224 11/1/224 3/1/225 7/1/225 Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & 7.92 SUPPORT & FOLLOW US ON NYMEX Brent (BZ) Futures Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YR Strip YR Strip 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 WTI B R E N T S P R E A D (1) (2) (3) (4) (5) (6) (7) (8) (9) (1) (11) (12) 9/13/218 9/6/218 8/13/218 9/13/218 9/6/218 8/13/218 9/13/218 9/6/218 8/13/218 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 Oct-18 Butane Iso-Butane Nat Gasoline Close Change (.1) (.1) (.2) NYMEX WTI (CL) Futures Nov (.9) Dec (.14) Jan (.16) Feb (.18) Mar (.19) Apr (.18) May (.17) Jun (.16) Jul (.14) Aug (.12) Sep (.11) Oct (.1) Nov (.9) Dec (.8) Jan (.7) Feb (.7) Mar (.7) Apr (.6) May (.4) Jun (.4) Jul (.3) Aug (.2) Sep (.2) Oct (.2) 1YR Strip (.15) (.12) 5YR Strip (.2) Page 6