Proposed natural gas pipeline would cross Missouri River Federal Court Pulls Natural Gas Pipeline Permits

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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: S E P T E M B E R 1 3, Prior Day s NYMEX Oct-18 Contract (CT) NYMEX NG Futures Oct Nov (.7) Dec (.3) Jan Feb Mar (.2) Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YR Strip (.3) 5YR Strip I N T H E N E W S Proposed natural gas pipeline would cross Missouri River Grand Forks Herald reported: Representatives from Kinder Morgan are meeting with local residents this week to get input on the 1-mile pipeline while the U.S. Army Corps of Engineers reviews a permit application. The project, which would go beneath the Missouri River for about 2.5 miles in Williams and McKenzie counties, aims Proposed natural gas pipeline would cross Missouri River Federal Court Pulls Natural Gas Pipeline Permits to capture natural gas that would otherwise be flared due to insufficient pipeline capacity. The water crossing would be constructed using horizontal directional drilling, with the pipe installed at least 14 feet below the bottom of the reservoir, said Allen Fore, vice president of public affairs for Kinder Morgan. "It's the least impactful way to cross any kind of environmentally sensitive area, particularly water bodies, because you never impact the water body itself. You're drilling underneath it," Fore said. For more on this story visit grandforksherald.com or click bit.ly/2mprnku Natural Gas Price Prediction Prices Rise as Storms Brew FX Empire reported: The Federal Energy Regulatory Commission (FERC) ordered a halt to construction on a 6-mile pipeline designed to carry natural gas across West Virginia, Virginia, and North Carolina. The order was made in response to a decision by a three-judge panel of the federal Fourth Circuit Court of Appeals in Richmond, Virginia vacating permits issued by the National Park Service (NPS) and the U.S. Fish and Wildlife Service (FWS) for the Atlantic Coast Pipeline (ACP). Environmental activist groups sued to halt ACP, challenging various required environmental permits for the pipeline s route across federal parklands and for any potential incidental taking of endangered species. The three-judge panel ruled decisions by the NPS and FWS to grant construction permits were arbitrary and capricious, saying FWS failed to show how it would protect five threatened and endangered species, such as the rusty-patched bumblebee and clubshell mussel, that could be affected by construction. 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 BULLISH RESISTANCE 2.86 & 2.89 SUPPORT 2.81 & 2.79 Trading Summary NATURAL GAS Futures Close Change NG Volume 457,375 (42,563) Open Int. 1,624,867 (536) CRUDE AND GASOLINE Futures Close Change Crude RBOB Crude/NG METALS Futures Close Change Gold 1,24.7 EQUITIES Exchange Close Change DOW 25, S&P 5-2, CURRENCY Currency Close Change EUR/USD USD/CND (.1) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com Phone: (8)

2 S E P T E M B E R 1 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: 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 7, 218 Total Change US - 1,48 + CN - 24 (24) EIA Weekly NG Storage Actual and Surveys for August 31, 218 Released August 3, 218 Range +33 to +62 PIRA +64 CITI +61 Reuters +68 EIA ACTUAL +63 Total Working Gas In Storage 2,568 BCF +63 BCF (LAST WEEK) (643) BCF (LAST YEAR) (59) BCF (5-YR AVG) U.S. Natural Gas Supply Gas Week 8/3 9/5 Tropical Weather Outlook NWS National Hurricane Center Miami FL 8 AM EDT Thu Sep Gulf of Mexico is producing disorganized showers and thunderstorms. While upper-level winds are generally conducive for the development of a tropical * Formation chance through 5 days...medium An area of low pressure is expected to develop near Bermuda late Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply Last Week (BCF/d) Dry Production Total Supply For the North Atlantic...Caribbean Sea and the Gulf of Mexico: depression, the system only has about a day before it reaches the this weekend or early next week. Some gradual development is [NEXT REPORT ON Sept 14] The National Hurricane Center is issuing advisories on Hurricane Florence, located over the western Atlantic Ocean, on Hurricane Helene, located over the eastern Atlantic Ocean, on Tropical Storm Isaac, located near the Lesser Antilles, and on Subtropical Storm Joyce, located a little less than a 1 miles west-southwest of the Azores. western Gulf coast. An Air Force Reserve Hurricane Hunter aircraft is scheduled to investigate the disturbance later today, if necessary. Regardless of development, heavy rainfall and gusty winds are expected across portions of northeastern Mexico, Texas, and Louisiana on Friday and Saturday. Interests there should monitor the progress of this system, and refer to products from their local weather office. possible after that time while the system drifts westward over the western Atlantic. * Formation chance through 48 hours...low...near * Formation chance through 5 days...low...2 U.S. Natural Gas Demand Gas Week 8/3 9/5 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power +35. Total Demand A trough of low pressure located over the western * Formation chance through 48 hours...medium...5 [NEXT REPORT ON Sept 14] 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 S E P T E M B E R 1 3, NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Sumas Basis (platts Iferc) Michcon Basis (platts Iferc) Transco Zone 6 Basis (platts Iferc) San Juan Basis (platts Iferc) Waha Basis (platts Iferc) Month: September 218 Day Price Day Price Average (Sep) (through 9/12/218) Average (Aug) Average (Jul) Transco Zone 4 Basis (platts Iferc) CME NG Option Prices ATM Call CME NG Option Prices ATM Put /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 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 S E P T E M B E R 1 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 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 S E P T E M B E R 1 3, CME Future Prices Ethane Futures Ethane / Natural Gas Ratio 11/1/218 1/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/22 CME Future Prices Propane (C3) Non-LDH Mont Belvieu 11/1/218 1/1/219 5/1/219 7/1/219 9/1/219 11/1/219 1/1/ Propane Futures Frac Spread (cents/gallon) Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep YR Strip (cents/gallon) Oct Nov (.) Dec Jan Feb Mar Apr May Jun Jul Aug Sep YR Strip Page 5

6 11/1/218 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 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 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 S E P T E M B E R 1 3, Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE & 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) 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 NYMEX WTI (CL) Futures Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct YR Strip YR Strip Page 6