Exxon to Slash Gas Flaring 25% by 2020 in Emissions Push General Electric's power unit fights for growth as wind, solar gain

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1 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX Jun-18 Contract (CT) NYMEX NG Futures Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May (.4) 1YR Strip YR Strip I N T H E N E W S Exxon to Slash Gas Flaring 25% by 22 in Emissions Push Bloomberg reported: Exxon Mobil Corp. plans to reduce the amount of natural gas it burns as waste by a quarter within two years to reduce climate-changing emissions, something long demanded by environmental groups and activist investors. Efforts will be focused on oil wells off the coast of West Africa, Exxon 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) Exxon to Slash Gas Flaring 25% by 22 in Emissions Push General Electric's power unit fights for growth as wind, solar gain said in a statement on Wednesday. In that region and others, gas produced alongside crude is routinely burned because there s no way to haul it to markets. The practice, known as flaring, has been assailed as wasteful and environmentally harmful on every continent where oil is produced. The oil industry s decades-old practice of flaring gas when there are no pipelines or population centers nearby has drawn the ire of climate activists and regulators. Explorers also are under increased scrutiny to curb leaks that release damaging amounts of methane into the atmosphere. For more on this story visit bloomberg.com or click General Electric's power unit fights for growth as wind, solar gain Reuters reported: Vistra Energy Corp (VST.N) and Dominion Energy Inc (D.N) which serve about 5.5 million electricity customers in more than a dozen U.S. states both say they are done building combined-cycle natural gas-fired power plants. Instead, they are building large solar plants, which offer plentiful and inexpensive electricity. This bearish view of fossil-fuel energy, reflective of a growing acceptance by utilities of renewable power sources, poses a hurdle to John Flannery s plan to turn around General Electric Co s (GE.N) $35 billion-a-year power unit. GE s chief executive spelled out the difficulty on Wednesday. Power profits will be flat this year after falling 53 percent in 217, he said, and GE is planning that demand for heavy-duty natural gas power plants will be less than half what it forecast just over a year ago, and will stay at that level through 22. For more on this story visit reuters.com or click M A Y 2 4, Prompt Natural Gas (NG) Daily Sentiment BULLISH RESISTANCE 2.94 & 2.96 SUPPORT 2.9 & 2.88 Trading Summary NATURAL GAS Futures Close Change NG Volume 521,458 (79,215) Open Int. 1,493,996 17,414 CRUDE AND GASOLINE Futures Close Change Crude (.36) RBOB (.11) Crude/NG (.28) METALS Futures Close Change Gold 1,289.3 EQUITIES Exchange Close Change DOW 24, S&P CURRENCY Currency Close Change EUR/USD USD/CND Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 Waha Basis (platts Iferc) Month: May 218 Day Price Day Price Average (May) (through 5/23/218) Average (Apr) Average (Mar) 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 M A Y 2 4, CME NG Option Prices ATM Call CME NG Option Prices ATM Put Henry Hub Daily Spot Price MAY 218 APR 218 MAR Sumas Basis (platts Iferc) NYMEX Natural Gas Forward Curve 9/1/219 7/1/22 1 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 1/1/ Michcon Basis (platts Iferc) San Juan Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) Transco Zone 4 Basis (platts Iferc) Month Strike Close Imp Vol Jul-18 Aug Sep-18 Oct-18 Nov-18 Month Strike Close Imp Vol Jul-18 Aug Sep-18 Oct-18 Nov-18 NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Page 2

3 M A Y 2 4, 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 5, 218 O B S E R V E D S N O W D E P T H Rig Count Report Date: May 18, 218 Total Change US CN EIA Weekly NG Storage Actual and Surveys for May 18, 218 Released May 17, 218 Range (88) to (12) PIRA (1) Citi Futures (89) Reuters (19) EIA ACTUAL 16 Total Working Gas In Storage 1,538 BCF 16 BCF (LAST WEEK) (821) BCF (LAST YEAR) (51) 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 5/1 5/16 Average daily values (BCF/D): Last Year (BCF/d) Dry Production +71. Total Supply Last Week (BCF/d) Dry Production Total Supply [NEXT REPORT ON May 24] U.S. Natural Gas Demand Gas Week 5/1 5/16 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power Total Demand [NEXT REPORT ON May 24] Page 3

4 M A Y 2 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 9/1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/ /1/218 1/1/219 3/1/219 5/1/219 7/1/219 9/1/219 M A Y 2 4, 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) Jun Jul Aug (.) Sep Oct Nov Dec Jan Feb Mar Apr May Propane Futures Frac Spread 1YR Strip CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May YR Strip.91.6 Page 5

6 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 5/1/219 3/1/22 1/1/221 6/1/221 11/1/221 4/1/222 9/1/222 2/1/223 7/1/223 12/1/223 5/1/224 1/1/224 3/1/225 8/1/225 1/1/226 6/1/226 11/1/226 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 M A Y 2 4, Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & SUPPORT & 7.69 FOLLOW US ON NYMEX Brent (BZ) Futures Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 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) 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) Jun-18 Butane Iso-Butane Nat Gasoline Close Change NYMEX WTI (CL) Futures Jul (.36) Aug (.31) Sep (.25) Oct (.21) Nov (.18) Dec (.17) Jan (.15) Feb (.12) Mar (.11) Apr (.9) May (.9) Jun (.8) Jul (.8) Aug (.8) Sep (.5) Oct (.4) Nov (.4) Dec (.7) Jan (.6) Feb (.6) Mar (.7) Apr (.9) May (.14) Jun (.13) 1YR Strip (.18) (.25) 5YR Strip 61. (.27) Page 6