BLM Suspends Natural Gas Waste Standards

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Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 8: 8:45 9:3 1:15 11: 11:45 12:3 13:15 14: Prior Day s NYMEX Jan-18 Contract (CT) 2.86 2.84 2.82 2.8 2.78 2.76 2.74 2.72 2.7 NYMEX NG Futures Jan-18 2.763 (.159) Feb-18 2.782 (.142) Mar-18 2.761 (.137) Apr-18 2.75 (.99) May-18 2.713 (.91) Jun-18 2.751 (.87) Jul-18 2.789 (.83) Aug-18 2.796 (.81) Sep-18 2.78 (.79) Oct-18 2.87 (.77) Nov-18 2.871 (.7) Dec-18 3.9 (.63) Jan-19 3.13 (.58) Feb-19 3.77 (.54) Mar-19 3.11 (.5) Apr-19 2.696 (.3) May-19 2.658 (.27) Jun-19 2.681 (.27) Jul-19 2.75 (.27) Aug-19 2.75 (.26) Sep-19 2.688 (.26) Oct-19 2.712 (.25) Nov-19 2.762 (.26) Dec-19 2.98 (.27) 1YR Strip 2.794 (.97) 218 2.794 (.97) 5YR Strip 2.813 (.3) I N T H E N E W S BLM Suspends Natural Gas Waste Standards Public News Service reported: DENVER On Thursday, the Bureau of Land Management suspended a rule designed to limit the waste of natural gas on publicly-owned lands until January of 219. According to the Environmental Defense Fund, delaying the rule could mean a loss of $33 million worth of natural gas or more, enough ener- 1 2 M O N T H C A N D L E S T I C K ( W E E K L Y ) 4.25 4. 3.75 3.5 3.25 3. 2.75 2.5 2.25 2. 1.75 1.5 1.25 BLM Suspends Natural Gas Waste Standards China's November natural gas imports hit record, crude shipments rebound gy to meet the heating and cooking needs of one-and-a-half million homes for a year. Gwen Lachelt, a La Plata County Commissioner, and the executive director of Western Leaders Network, says the delay also means fewer royalties for taxpayers on the lost natural gas. She adds the move could also have significant health implications. "It's also very important to the Four Corners region where I live, where we live under the largest methane cloud in North America because of the tens of thousands of natural gas wells that are leaking," she says. The Western Energy Alliance welcomed the delay, in part because companies now won't have to pay for equipment needed to prevent waste while the Trump administration works to roll back protections. For more visit pulbicnewservice.org or click http://bit.ly/2ahqety China's November natural gas imports hit record, crude shipments rebound Reuters reported: BEIJING (Reuters) - China s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar. November gas arrivals, including pipeline imports and liquefied natural gas (LNG) shipments, hit 6.55 million tonnes, breaking a previous record of 6.1 million tonnes last December, data from the General Administration of Customs showed. An aggressive government campaign to heat millions of homes and fuel industrial boilers with gas has pushed domestic LNG prices to record highs, with some industrial and commercial users facing shortages or unable to afford the high cost. For more visit reuters.com or click http://reut.rs/2k9xgxi D E C E M B E R 8, 2 1 7 Prompt Natural Gas (NG) Daily Sentiment BEARISH RESISTANCE 2.87 & 2.98 SUPPORT 2.69 & 2.63 Trading Summary NATURAL GAS Futures Close Change NG 2.763 (.159) Volume 379,99 513,347 Open Int. 1,538,12 21,338 CRUDE AND GASOLINE Futures Close Change Crude 56.69.73 RBOB 1.7.391 Crude/NG 2.52 1.37 METALS Futures Close Change Gold 1,249.8 (5.) EQUITIES Exchange Close Change DOW 24,211.48 7.57 S&P 5 2,636.98 7.71 CURRENCY Currency Close Change EUR/USD 1.1773 (.23) USD/CND 1.2836 (.19) Contact Us Mansfield Energy Corp 125 Airport Pkwy Gainesville, GA 351 www.mansfield.energy info@mansfieldoil.com Phone: (8) 695-6626

Month: December 217 Day Price Day Price 1 58.36 16 2 17 3 18 4 57.47 19 5 57.62 2 6 55.96 21 7 56.69 22 8 23 9 24 1 25 11 26 12 27 13 28 14 29 15 3 31 Average (Dec) 57.22 (through 12/7/217) Average (Nov) Average (Oct) 56.6629 51.5945 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 -1 -.9 -.8 -.7 -.6 -.5 -.4 -.3 -.2 -.1 Waha Basis (platts Iferc) 1 1 3.45 3.25 3.5 2.85 2.65 2.45 2.25 D E C E M B E R 8, 2 1 7 CME NG Option Prices ATM Call CME NG Option Prices ATM Put 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 6/1/219 1 4/1/22 2/1/221 12/1/221 5/1/222 1/1/222 3/1/223 8/1/223 1/1/224 6/1/224 11/1/224 4/1/225 9/1/225 2/1/226 7/1/226 12/1/226 5/1/227 1 1 1 1 1 1.2. -.2 -.4 -.6 -.8-1. -1.2-1.4 Sumas Basis (platts Iferc) Michcon Basis (platts Iferc) -.5 -.1 -.15 5. Transco Zone 6 Basis (platts Iferc) 4. 3. -.2 -.25 -.3 -.35 2. 1.. -.4-1. Henry Hub Daily Spot Price 4.25 NYMEX Natural Gas Forward Curve 3.75 3.25 2.75 2.25 DEC 217 NOV 217 OCT 217 1.75. -.1 -.2 -.3 -.4 -.5 -.6 -.7 -.8 San Juan Basis (platts Iferc) 1 1 -.1 -.2 -.3 -.4 -.5 -.6 1 1 Month Strike Close Imp Vol Jan-18 2.8.82 33.7 Feb-18 2.8.16 37.5 Mar-18 2.8.197 39.4 Apr-18 2.8.1 May-18 2.8.1 Month Strike Close Imp Vol Jan-18 2.8.16 41.2 Feb-18 2.8.165 41.2 Mar-18 2.8.228 43.1 Apr-18 May-18 Transco Zone 4 Basis (platts Iferc) NYMEX WTI Delivery Month Average ($/bbl) (Excluding Weekends and Holidays) Page 2

D E C E M B E R 8, 2 1 7 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 Rig Count Report Date: December 1, 217 Total Change US - 929 +6 CN - 222 +7 EIA Weekly NG Storage Actual and Surveys for November 3 217 Released December 7, 217 Release Date: December 7, 217 O B S E R V E D S N O W D E P T H PIRA (1) SMC (25) Reuters (7) EIA ACTUAL +2 Total Working Gas In Storage 3,695 BCF +2 BCF (LAST WEEK) (264) BCF (LAST YEAR) (36) 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 11/3 12/6 Average daily values (BCF/D): Last Year (BCF/d) Dry Production +7.8 Total Supply +76.3 Last Week (BCF/d) Dry Production +76.7 Total Supply +82. [NEXT REPORT ON Dec 14] U.S. Natural Gas Demand Gas Week 11/3-12/6 Average daily values (BCF/D): Last Year (BCF/d) Power +22.5 Total Demand +85.6 Last Week (BCF/d) Power +2.8 Total Demand +8.7 [NEXT REPORT ON Dec 14] Page 3

D E C E M B E R 8, 2 1 7 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 S A T U R D A Y HIGH Temperature LOW Temperature 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 S U N D A Y HIGH Temperature LOW Temperature 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 M O N D A Y HIGH Temperature LOW Temperature Page 4

D E C E M B E R 8, 2 1 7 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 W E A T H E R 3 D A Y O U T L O O K N O A A Temperature Precipitation Page 5

1/1/218 3/1/218 5/1/218 9/1/218 1 1/1/218 2/1/218 3/1/218 4/1/218 5/1/218 8/1/218 9/1/218 1/1/218 12/1/218 2/1/219 4/1/219 1/1/218 3/1/218 5/1/218 9/1/218 1 1/1/218 2/1/218 3/1/218 4/1/218 5/1/218 8/1/218 9/1/218 1/1/218 12/1/218 2/1/219 4/1/219 D E C E M B E R 8, 2 1 7 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.35.33.31.29.27.25.23.21.19.17.15 Ethane Futures 1.7 Ethane / Natural Gas Ratio 1.6 1.5 1.4 1.3 1.2 1.1 1..9.8 CME Future Prices Ethane (C2) Non-LDH Mont Belvieu (cents/gallon) Jan-18.29 (.8) Feb-18.217 (.8) Mar-18.242 (.7) Apr-18.247 (.7) May-18.252 (.7) Jun-18.257 (.7) Jul-18.262 (.6) Aug-18.267 (.4) Sep-18.272 (.3) Oct-18.276 (.3) Nov-18.281 (.2) Dec-18.285 (.1) 1.5.95.85.75.65.55.45 Propane Futures 5.5 5. 4.5 4. 3.5 3. 2.5 2. Frac Spread 1YR Strip.256 (.5) CME Future Prices Propane (C3) Non-LDH Mont Belvieu (cents/gallon) Jan-18.976 (.2) Feb-18.975 (.2) Mar-18.969. Apr-18.894.3 May-18.823.4 Jun-18.82.6 Jul-18.797.6 Aug-18.797.6 Sep-18.799.6 Oct-18.83.8 Nov-18.88.8 Dec-18.813.8 1YR Strip.855.4 Page 6

2/1/218 1/1/218 2/1/219 6/1/219 1/1/219 2/1/22 6/1/22 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 1/1/218 4/1/219 2/1/22 12/1/22 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 2/1/218 1/1/218 2/1/219 6/1/219 1/1/219 2/1/22 6/1/22 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 D E C E M B E R 8, 2 1 7 Prompt WTI (CL) Crude Daily Sentiment BULLISH RESISTANCE 55.34 & 55.61 SUPPORT 54.58 & 54.9 FOLLOW US ON TWITTER: NYMEX Brent (BZ) Futures @MPG_NatGasNews Feb-18 62.2.98 Mar-18 61.95.92 Apr-18 61.74.87 May-18 61.6.83 Jun-18 61.47.81 Jul-18 61.3.79 Aug-18 61.9.77 Sep-18 6.85.76 Oct-18 6.61.76 Nov-18 6.39.76 Dec-18 6.15.76 Jan-19 59.99.77 Feb-19 59.81.77 Mar-19 59.59.76 Apr-19 59.41.75 May-19 59.22.74 Jun-19 59.2.73 Jul-19 58.89.73 Aug-19 58.73.72 Sep-19 58.59.72 Oct-19 58.47.72 Nov-19 58.32.71 Dec-19 58.16.7 Jan-2 58.5.7 B R E N T C R U D E F O R W A R D C U R V E 65 6 55 5 45 4 W T I C R U D E F O R W A R D C U R V E 6 58 56 54 52 5 48 46 44 42 4 W T I B R E N T S P R E A D (1) (2) (3) (4) (5) (6) 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) Jan-18 Butane Iso-Butane Nat Gasoline Close Change 1.24 (.1) 1.26 (.3) 1.327.14 NYMEX WTI (CL) Futures Jan-18 56.69.73 Feb-18 56.75.72 Mar-18 56.76.71 Apr-18 56.76.69 May-18 56.68.67 Jun-18 56.52.66 Jul-18 56.3.64 Aug-18 56.6.64 Sep-18 55.8.63 Oct-18 55.54.62 Nov-18 55.29.61 Dec-18 55.6.61 Jan-19 54.8.6 Feb-19 54.55.59 Mar-19 54.33.58 Apr-19 54.13.57 May-19 53.94.57 Jun-19 53.76.55 Jul-19 53.57.54 Aug-19 53.4.53 Sep-19 53.25.51 Oct-19 53.13.5 Nov-19 53.4.49 Dec-19 52.97.49 1YR Strip 61.11.82 218 61.21.82 5YR Strip 58.22.7 (7) 1YR Strip 56.18.66 218 56.18.66 5YR Strip 52.86.53 Page 7