The Permian Has A Natural Gas Problem. Turning trash to natural gas; Waste Management invests in Louisville

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1 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX Jul-18 Contract (CT) NYMEX NG Futures Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar (.2) Apr May Jun YR Strip YR Strip I N T H E N E W S The Permian Has A Natural Gas Problem Oil Price reported: Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. But constraints have also emerged in natural gas takeaway infrastructure, with pipelines nearly full and natural gas prices in West Tex- 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) The Permian Has A Natural Gas Problem Turning trash to natural gas; Waste Management invests in Louisville as diving on oversupply. Pipelines will not be able to handle all the excess associated gas from the soaring oil production, so the Railroad Commission of Texas is currently considering whether to keep the strict gas flaring limits or to loosen them. The Commission issues flare permits for 45 days at a time, for a maximum limit of 18 days. Currently, the natural gas pipelines in the Permian are 98 percent full, according to Bloomberg estimates. For more on this story visit oilprice.com or click bit.ly/2lq9mka Turning trash to natural gas; Waste Management invests in Louisville WV Metro News reported: The TransCanada Midstream Pipeline exploded Thursday morning in Marshall County, authorities said. The explosion occurred just after 4 a.m. triggering a fire, which has now burned out. Marshall County Office of Emergency Management Director Tom Hart said there are no injuries and no property damage. The explosion happened in a rural area of the county known as Nixon Ridge. Hart said the fire burned itself out after the flow of gas was interrupted. The line was shut off the fire is out, Hart told MetroNews. Nearby residents reported feeling the blast and seeing the fire. Hart said officials are waiting for the fog to lift and then they will survey the area with a drone to determine the damage. TransCanada spokesman Scott Castleman issued the following statement: At approximately 4:15 a.m. Eastern Time on June 7, 218 there was an issue involving a natural gas pipeline on TransCanada s Columbia Gas Transmission System in Marshall County, West Virginia. For more on this story visit wvmetronews.com or click Prompt Natural Gas (NG) Daily Sentiment BULLISH RESISTANCE 2.91 & 2.93 SUPPORT 2.89 & 2.86 Trading Summary NATURAL GAS Futures Close Change NG Volume 297,2 (238,752) Open Int. 1,569,25 (2,39) CRUDE AND GASOLINE Futures Close Change Crude (.79) RBOB 2.7 (.362) Crude/NG (.32) METALS Futures Close Change Gold 1, EQUITIES Exchange Close Change DOW 25, S&P 5-1, CURRENCY Currency Close Change EUR/USD USD/CND Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA info@mansfieldoil.com 1.25 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: June 7, 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: June 1, 218 Total Change US CN EIA Weekly NG Storage Actual and Surveys for June 1, 218 Released May 31, 218 Range (75) to (97) PIRA (14) Citi Futures (11) Reuters (17) EIA ACTUAL 96 Total Working Gas In Storage 1,725 BCF 96 BCF (LAST WEEK) (788) BCF (LAST YEAR) (5) BCF (5-YR AVG) U.S. Natural Gas Supply Gas Week 5/24 5/3 Average daily values (BCF/D): Last Year (BCF/d) Dry Production Total Supply Last Week (BCF/d) Dry Production Total Supply +86. [NEXT REPORT ON Jun 8] U.S. Natural Gas Demand Gas Week 5/24 5/3 Average daily values (BCF/D): Last Year (BCF/d) Power Total Demand Last Week (BCF/d) Power Total Demand +7.1 [NEXT REPORT ON Jun 8] Page 2

3 Waha Basis (platts Iferc) Month: June 218 Day Price Day Price Average (Jun) (through 6/6/218) Average (May) Average (Apr) 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 CME NG Option Prices ATM Call CME NG Option Prices ATM Put Henry Hub Daily Spot Price JUN 218 MAY 218 APR Sumas Basis (platts Iferc) NYMEX Natural Gas Forward Curve 6/1/ /1/222 9/1/222 2/1/223 7/1/223 5/1/224 1/1/224 3/1/225 8/1/225 1/1/226 6/1/226 11/1/ 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 Aug-18 Sep Oct-18 Nov-18 Dec-18 Month Strike Close Imp Vol Aug-18 Sep Oct-18 Nov-18 Dec-18 NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) 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 8/1/218 1/1/218 2/1/219 6/1/ /1/218 1/1/218 2/1/219 6/1/219 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) Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Propane Futures Frac Spread 1YR Strip CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) Jul (.13) Aug (.13) Sep (.12) Oct (.1) Nov (.1) Dec (.8) Jan (.5) Feb (.4) Mar (.3) Apr (.2) May (.1) Jun YR Strip.852 (.7) Page 5

6 8/1/218 12/1/219 4/1/22 12/1/22 4/1/221 8/1/221 12/1/221 4/1/222 8/1/222 12/1/222 4/1/223 8/1/223 4/1/224 6/1/ /1/222 9/1/222 2/1/223 7/1/223 5/1/224 1/1/224 3/1/225 8/1/225 1/1/226 6/1/226 11/1/226 8/1/218 12/1/219 4/1/22 12/1/22 4/1/221 8/1/221 12/1/221 4/1/222 8/1/222 12/1/222 4/1/223 8/1/223 4/1/224 8/1/224 12/1/224 4/1/225 Prompt WTI (CL) Crude Daily Sentiment BEARISH RESISTANCE 65.7 & SUPPORT 64.1 & 63.3 FOLLOW US ON NYMEX Brent (BZ) Futures Aug (.2) Sep (.17) Oct (.27) Nov (.32) Dec (.34) Jan (.35) Feb (.35) Mar (.36) Apr (.37) May (.37) Jun (.38) Jul (.4) Aug (.4) Sep (.4) Oct (.4) Nov (.4) Dec (.4) Jan (.4) Feb (.41) Mar (.41) Apr (.42) May (.42) Jun (.42) Jul (.42) 1YR Strip (.31) (.22) 5YR Strip (.46) 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) Jul-18 Butane Iso-Butane Nat Gasoline Close Change (.49) NYMEX WTI (CL) Futures Jul (.79) Aug (.76) Sep (.71) Oct (.68) Nov (.6) Dec (.52) Jan (.48) Feb (.44) Mar (.4) Apr (.36) May (.33) Jun (.3) Jul (.28) Aug (.26) Sep (.24) Oct (.22) Nov (.2) Dec (.2) Jan (.2) Feb (.2) Mar (.18) Apr (.18) May (.18) Jun (.18) 1YR Strip (.53) (.68) 5YR Strip (.29) Page 6