EIA: gas storage design capacity slightly up May NYMEX natural gas futures at $2.674/MMBtu drifts in search of support

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1 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX May-18 Contract (CT) NYMEX NG Futures May (.5) Jun (.46) Jul (.45) Aug (.42) Sep (.39) Oct (.38) Nov (.34) Dec (.29) Jan (.28) Feb (.23) Mar (.19) Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr YR Strip (.33) (.4) 5YR Strip (.9) I N T H E N E W S EIA: gas storage design capacity slightly up Hydrocarbon Engineering reported: The US Energy Information Administration s (EIA) latest Today In Energy report suggests that relatively little new underground natural gas storage capacity was built in the Lower 48 states over the past four years. EIA measures natural 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) EIA: gas storage design capacity slightly up May NYMEX natural gas futures at $2.674/MMBtu drifts in search of support gas storage capacity in two ways, namely design capacity and demonstrated maximum working gas volume (or demonstrated peak). In 217, design capacity grew by approximately 1%, and demonstrated peak fell by 1%. Design capacity is the sum of the working gas capacity for all active facilities in the Lower 48 states as of November 217. Design capacity is based on the physical characteristics of the reservoir, installed equipment, and operating procedures particular to the site. Nationally, design capacity rose by 34 billion ft3, or.7%, between November 216 and November 217. This increase was driven by expansion in the East storage region, where design capacity grew by 3 billion ft3 (2.9%) in 217. Most of the incremental capacity last year came from expansions to existing facilities, and expansions were heavily concentrated in the East region, where natural gas production has grown almost continually since 29. For more visit hydrocarbonengineering.com or click May NYMEX natural gas futures at $2.674/MMBtu drifts in search of support Platts reported: May natural gas futures moved on both sides of the ledger in the US overnight ahead of Tuesday's open, in search of fresh support for sharper moves in either direction. Having closed 5 cents lower Monday, the contract was down.9 cent at $2.674/MMBtu at 7:1 am ET, after trading in a range of $2.67-$2.691/MMBtu. Lingering cold weather in midrange forecasts is providing the market with some modest upside support. For more visit platts.com or click A P R I L 3, Prompt Natural Gas (NG) Daily Sentiment BEARISH RESISTANCE 2.75 & 2.81 SUPPORT 2.64 & 2.59 Trading Summary NATURAL GAS Futures Close Change NG (.5) Volume 333,939 (299,69) Open Int. 1,445,786 13,36 CRUDE AND GASOLINE Futures Close Change Crude 63.1 (1.93) RBOB (.545) Crude/NG (.28) METALS Futures Close Change Gold 1,342.1 (2.9) EQUITIES Exchange Close Change DOW 23, (458.92) S&P (58.99) CURRENCY Currency Close Change EUR/USD USD/CND (.76) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA Phone: (8)

2 Month: April 218 Day Price Day Price Average (Apr) 63.1 (through 4/2/218) Average (Mar) Average (Feb) 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) A P R I L 3, CME NG Option Prices ATM Call CME NG Option Prices ATM Put /1/ /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/ 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 APR 218 MAR 218 FEB San Juan Basis (platts Iferc) Month Strike Close Imp Vol Jun-18 Jul Aug-18 Sep-18 Oct-18 Month Strike Close Imp Vol Jun-18 Jul Aug-18 Sep-18 Oct-18 Transco Zone 4 Basis (platts Iferc) NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Page 2

3 A P R I L 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: Apr 1, 218 O B S E R V E D S N O W D E P T H Rig Count Report Date: March 29, 218 Total Change US (2) CN (27) EIA Weekly NG Storage Actual and Surveys for March 22, 218 Released March 29, 218 Range (5) to (81) PIRA (65) ARM (7) Reuters (66) EIA ACTUAL (63) Total Working Gas In Storage 1,383 BCF (63) BCF (LAST WEEK) (672) BCF (LAST YEAR) (346) 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 3/22 4/5 Average daily values (BCF/D): Last Year (BCF/d) Dry Production +7.9 Total Supply Last Week (BCF/d) Dry Production Total Supply [NEXT REPORT ON Apr 5] U.S. Natural Gas Demand Gas Week 3/22 4/5 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power Total Demand +9.9 [NEXT REPORT ON Apr 5] Page 3

4 A P R I L 3, 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 6/1/218 8/1/218 12/1/218 2/1/219 4/1/219 6/1/219 8/1/ /1/218 8/1/218 12/1/218 2/1/219 4/1/219 6/1/219 8/1/219 A P R I L 3, 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) May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar (.1) Apr (.2) Propane Futures Frac Spread 1YR Strip CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) May (.23) Jun (.4) Jul (.23) Aug (.18) Sep (.16) Oct (.13) Nov (.13) Dec (.13) Jan (.13) Feb (.15) Mar (.3) Apr (.64) 1YR Strip.751 (.23) Page 5

6 6/1/218 2/1/219 6/1/219 1/1/219 2/1/22 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 8/1/ /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 6/1/218 2/1/219 6/1/219 1/1/219 2/1/22 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 2/1/225 A P R I L 3, Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & SUPPORT 62.7 & FOLLOW US ON TWITTER: NYMEX Brent (BZ) Jun (1.7) Jul (1.67) Aug (1.66) Sep (1.68) Oct (1.68) Nov (1.65) Dec (1.62) Jan (1.6) Feb (1.58) Mar (1.56) Apr (1.53) May (1.51) Jun (1.49) Jul (1.48) Aug (1.46) Sep (1.45) Oct (1.43) Nov (1.41) Dec (1.39) Jan (1.38) Feb (1.37) Mar (1.36) Apr (1.35) May (1.34) 1YR Strip (1.62) (1.67) 5YR Strip (1.28) 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) May-18 Butane Iso-Butane Nat Gasoline Close Change.855 (.57).862 (.51) 1.42 (.38) NYMEX WTI (CL) Futures May (1.93) Jun (1.88) Jul (1.82) Aug (1.78) Sep (1.73) Oct (1.68) Nov (1.63) Dec (1.58) Jan (1.53) Feb (1.49) Mar (1.45) Apr (1.42) May (1.39) Jun (1.37) Jul (1.34) Aug (1.32) Sep (1.29) Oct (1.27) Nov (1.26) Dec (1.23) Jan (1.21) Feb (1.19) Mar (1.17) Apr (1.15) 1YR Strip 61.1 (1.66) (1.75) 5YR Strip (1.18) Page 6

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