Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March...

7
Prompt Natural Gas (NG) Daily Sentiment RESISTANCE 2.96 & 3.03 SUPPORT 2.85 & 2.78 12 MONTH CANDLESTICK (WEEKLY) Beijing shuts last coal power plant in switch to natural gas — Phys.org Reports: The last large coal-fired power plant in Beijing has suspended operations, with the city's electricity now generat- ed by natural gas, the state news agency reported as smog en- IN THE NEWS Prior Day’s NYMEX Apr-17 Contract (CT) © 2017 Mansfield Energy Corp. All rights reserved. Trading Summary NYMEX NG Futures Beijing shuts last coal power plant in switch to natural gas Baker Hughes' U.S. rig count builds by whopping 21 BEARISH veloped the Chinese capital this weekend. The shuttering of the Huaneng Beijing Thermal Power Plant comes on the heels of Chi- na's annual legislative sessions, where Premier Li Keqiang prom- ised to "make our skies blue again" in his state-of-the-nation speech. According to Xinhua, Beijing has become the country's first city to have all its power plants fuelled by natural gas, an objective laid out in 2013 in the capital's five-year clean air action plan. The Huangneng plant is the fourth to be closed and replaced by gas thermal power centres between 2013 and 2017, cutting nearly 10 million tonnes in coal emissions annually. Xinhua re- ported the move the night before municipal authorities issued a blue alert for heavy air pollution on Sunday. Smog has cloaked the capital for several days and is expected to continue through the week. For more visit phys.org or click http://bit.ly/2nJjyJX Baker Hughes' U.S. rig count builds by whopping 21 — The Street Reports: U.S. oil and natural gas producers added 21 rigs over the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year when the count stood at 476, the Houston- based oilfield services provider said. Oil rigs are up 244 and natu- ral gas rigs are up 68 in the past year. Meanwhile, the offshore rig count continues to play seesaw, dropping by one this week after adding two rigs in the previous frame. The offshore count, now at 19, is down eight rigs year-over-year. The rig count tends to lag significant movement in the price of oil by as much as a quarter, but a prolonged stay below $50 per barrel could soon give reason for many producers outside of the most lucrative U.S. plays to stall activity. For more visit thestreet.com or click the following link http://bit.ly/2n5W0AX Contact Us Mansfield Energy Corp 1025 Airport Pkwy Gainesville, GA 30501 www.mansfield.energy [email protected] Phone: (800) 695-6626 MARCH 20, 2017 2.84 2.86 2.88 2.90 2.92 2.94 2.96 2.98 8:00 8:45 9:30 10:15 11:00 11:45 12:30 13:15 14:00 1.25 1.50 1.75 2.00 2.25 2.50 2.75 3.00 3.25 3.50 3.75 4.00 4.25 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 NATURAL GAS Futures Close Change NG 2.948 0.046 Volume 451,587 35,643 Open Int. 1,334,139 25,814 CRUDE AND GASOLINE Futures Close Change Crude 48.78 0.03 RBOB 1.5989 0.0047 Crude/NG 16.55 (0.25) METALS Futures Close Change Gold 1,230.20 1.90 EQUITIES Exchange Close Change DOW 20,934.55 (15.55) S&P 500 2,294.62 (90.64) CURRENCY Currency Close Change EUR/USD 1.0791 (0.0007) USD/CND 1.3350 0.0005 Month Close Change Apr-17 2.948 0.046 May-17 3.004 0.037 Jun-17 3.072 0.035 Jul-17 3.138 0.034 Aug-17 3.163 0.034 Sep-17 3.149 0.033 Oct-17 3.164 0.031 Nov-17 3.214 0.030 Dec-17 3.337 0.031 Jan-18 3.422 0.033 Feb-18 3.389 0.030 Mar-18 3.307 0.027 Apr-18 2.852 0.007 May-18 2.805 0.005 Jun-18 2.825 0.005 Jul-18 2.846 0.005 Aug-18 2.850 0.005 Sep-18 2.830 0.005 Oct-18 2.847 0.006 Nov-18 2.898 0.004 Dec-18 3.035 0.003 Jan-19 3.139 0.002 Feb-19 3.126 0.003 Mar-19 3.068 0.003 1YR Strip 3.192 0.033 2017 3.132 0.035 5YR Strip 2.929 0.010

Transcript of Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March...

Page 1: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

Prompt Natural Gas

(NG) Daily Sentiment

RESISTANCE

2.96 & 3.03

SUPPORT

2.85 & 2.78

1 2 M O N T H C A N D L E S T I C K ( W E E K L Y )

Beijing shuts last coal power plant in switch to natural gas — Phys.org Reports: The last large coal-fired power plant in Beijing has suspended operations, with the city's electricity now generat-ed by natural gas, the state news agency reported as smog en-

I N T H E N E W S Prior Day’s NYMEX

Apr-17 Contract (CT)

© 2017 Mansfield Energy Corp. All rights reserved.

Trading Summary NYMEX NG Futures

Beijing shuts last coal power plant in switch to natural gas

Baker Hughes' U.S. rig count builds by whopping 21

BEARISH

veloped the Chinese capital this weekend. The shuttering of the Huaneng Beijing Thermal Power Plant comes on the heels of Chi-na's annual legislative sessions, where Premier Li Keqiang prom-ised to "make our skies blue again" in his state-of-the-nation speech. According to Xinhua, Beijing has become the country's first city to have all its power plants fuelled by natural gas, an objective laid out in 2013 in the capital's five-year clean air action plan. The Huangneng plant is the fourth to be closed and replaced by gas thermal power centres between 2013 and 2017, cutting nearly 10 million tonnes in coal emissions annually. Xinhua re-ported the move the night before municipal authorities issued a blue alert for heavy air pollution on Sunday. Smog has cloaked the capital for several days and is expected to continue through the week. For more visit phys.org or click http://bit.ly/2nJjyJX Baker Hughes' U.S. rig count builds by whopping 21 — The Street Reports: U.S. oil and natural gas producers added 21 rigs over the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year when the count stood at 476, the Houston-based oilfield services provider said. Oil rigs are up 244 and natu-ral gas rigs are up 68 in the past year. Meanwhile, the offshore rig count continues to play seesaw, dropping by one this week after adding two rigs in the previous frame. The offshore count, now at 19, is down eight rigs year-over-year. The rig count tends to lag significant movement in the price of oil by as much as a quarter, but a prolonged stay below $50 per barrel could soon give reason for many producers outside of the most lucrative U.S. plays to stall activity. For more visit thestreet.com or click the following link http://bit.ly/2n5W0AX

Contact Us

Mansfield Energy Corp

1025 Airport Pkwy

Gainesville, GA 30501

www.mansfield.energy

[email protected]

Phone: (800) 695-6626

M A R C H 2 0 , 2 0 1 7

2.84

2.86

2.88

2.90

2.92

2.94

2.96

2.98

8:0

0

8:4

5

9:3

0

10

:15

11

:00

11

:45

12

:30

13

:15

14

:00

1.25

1.50

1.75

2.00

2.25

2.50

2.75

3.00

3.25

3.50

3.75

4.00

4.25

Mar

-16

Ap

r-1

6

May

-16

Jun

-16

Jul-

16

Au

g-1

6

Sep

-16

Oct

-16

No

v-1

6

De

c-1

6

Jan

-17

Feb

-17

Mar

-17

NATURAL GAS

Futures Close Change

NG 2.948 0.046

Volume 451,587 35,643

Open Int. 1,334,139 25,814

CRUDE AND GASOLINE

Futures Close Change

Crude 48.78 0.03

RBOB 1.5989 0.0047

Crude/NG 16.55 (0.25)

METALS

Futures Close Change

Gold 1,230.20 1.90

EQUITIES

Exchange Close Change

DOW 20,934.55 (15.55)

S&P 500 2,294.62 (90.64)

CURRENCY

Currency Close Change

EUR/USD 1.0791 (0.0007)

USD/CND 1.3350 0.0005

Month Close Change

Apr-17 2.948 0.046

May-17 3.004 0.037

Jun-17 3.072 0.035

Jul-17 3.138 0.034

Aug-17 3.163 0.034

Sep-17 3.149 0.033

Oct-17 3.164 0.031

Nov-17 3.214 0.030

Dec-17 3.337 0.031

Jan-18 3.422 0.033

Feb-18 3.389 0.030

Mar-18 3.307 0.027

Apr-18 2.852 0.007

May-18 2.805 0.005

Jun-18 2.825 0.005

Jul-18 2.846 0.005

Aug-18 2.850 0.005

Sep-18 2.830 0.005

Oct-18 2.847 0.006

Nov-18 2.898 0.004

Dec-18 3.035 0.003

Jan-19 3.139 0.002

Feb-19 3.126 0.003

Mar-19 3.068 0.003

1YR Strip 3.192 0.033

2017 3.132 0.035

5YR Strip 2.929 0.010

Page 2: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

Trade Date: Mar-17-2017

Flow Date(s): Mar-18-2017 Through Mar-20-2017

2.370.00 3.39

(0.16)

2.41 2.61 2.82(0.01) (0.03) (0.05)

2.520.01 3.54

(0.07)

2.662.49 2.76 2.71 (0.01)

0.01 (0.01) (0.05) 3.032.45 (0.19)

(0.00)

0.002.46 0.00

(0.01)

3.06(0.00) 2.41 2.64

2.77 (0.02) 2.75 (0.05)

(0.00) (0.03)

2.51(0.01)

2.53 2.73(0.04) (0.02) 2.75

(0.03)

2.40 2.95(0.01) 0.10

2.812.70 (0.03)

(0.05) 2.792.83 (0.04)

(0.02)

NYMEX

2.9480.046

ID PRICE CHANGE ID PRICE CHANGE ID PRICE CHANGE

1 2.37 0.00 61 11 2.49 0.01 31 21 2.71 (0.05) 762 2.52 0.01 63 12 2.46 (0.01) 32 22 2.66 (0.01) 773 3.06 (0.00) 64 13 2.40 (0.01) 21 23 2.83 (0.02) 114 2.77 (0.00) 92 14 2.70 (0.05) 25 24 2.79 (0.04) 165 2.51 (0.01) 91 15 2.95 0.10 24 25 2.75 (0.03) 136 2.53 (0.04) 22 16 2.73 (0.02) 23 26 2.81 (0.03) 127 2.41 (0.02) 41 17 2.75 (0.03) 15 27 2.64 (0.05) 818 2.45 (0.00) 51 18 2.76 (0.01) 72 28 0.00 0.00 829 2.41 (0.01) 52 19 2.82 (0.05) 73 29 3.03 (0.19) 83

10 2.61 (0.03) 33 20 3.39 (0.16) 71 30 3.54 (0.07) 74

DAILY INDEX DAILY INDEX DAILY INDEX

Stanfield NGPL-Midcont Pool REX E-ANR

Malin Panhandle Leidy-Transco

PG&E - Citygate EP-Permian Henry

Socal-Citygate TGP-Z0 Transco-85

SoCal Border Houston Ship Channel Sonat-Z0 South

Waha NGPL-TXOK FGT-Z3

EP-SJ Blanco Pool TETCO-M1 30 Dominion-South

Ventura Iroquois (into) Iroquois-Z2

Opal Plant Tailgate Chicago Citygates Transco-Z6 (non-NY north ML)

NWP-Wyoming Michcon Transco-Z6 (NY)

P H Y S I C A L S P O T N A T U R A L G A S P R I C E M A P

Page 2 © 2017 Mansfield Energy Corp. All rights reserved.

M A R C H 2 0 , 2 0 1 7

N A T U R A L G A S N E W S

DISCLAIMER: The con-

tent herein is privileged

and confidential. Con-

tent is presented for

informational purposes

and is a reflection of

the market opinions of

its authors subject to

change without notice.

Content is derived from

sources believed to be

accurate at the time of

release but carries no

guarantee of accuracy

or completeness.

Mansfield Energy Corp

and its clients may or

may not take positions

similar or opposite

those discussed herein.

The reader should real-

ize that the trading of

commodities involves

risk, and the reader

assumes all responsi-

bility for the risk of

financial losses.

Page 3: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

-0.6

-0.5

-0.4

-0.3

-0.2

-0.1

0

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Waha Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

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

Page 3 © 2017 Mansfield Energy Corp. All rights reserved.

M A R C H 2 0 , 2 0 1 7

CME NG Option Prices

ATM Call

CME NG Option Prices

ATM Put

N A T U R A L G A S N E W S

Month Strike Close Imp Vol

Apr-17 2.900 0.103 56.2

May-17 2.950 0.172 43.1

Jun-17 3.050 0.201 39.4

Jul-17 3.100 0.250 37.5

Aug-17 3.150 0.260 35.6

Sep-17 3.100 0.311 36.6

Oct-17 3.150 0.318 35.6

Nov-17 3.200 0.345 35.6

Dec-17 3.300 0.393 34.7

Jan-18 3.400 0.436 36.6

Feb-18 3.350 0.474 37.5

Mar-18 3.300 0.493 39.4

Apr-18 2.850 0.284 25.3

May-18 2.800 0.291 25.3

Jun-18 2.850 0.277 23.4

Jul-18 2.850 0.323 25.3

Aug-18 2.850 0.311 23.4

Month Strike Close Imp Vol

Apr-17 2.900 0.060 37.5

May-17 2.950 0.116 33.7

Jun-17 3.050 0.180 33.7

Jul-17 3.100 0.213 33.7

Aug-17 3.150 0.251 32.8

Sep-17 3.100 0.264 32.8

Oct-17 3.150 0.305 32.8

Nov-17 3.200 0.326 31.9

Dec-17 3.300 0.352 32.8

Jan-18 3.400 0.415 34.7

Feb-18 3.350 0.434 35.6

Mar-18 3.300 0.484 37.5

Apr-18 2.850 0.373 31.9

May-18 2.800 0.347 29.0

Jun-18 2.850 0.371 29.0

Jul-18 2.850 0.381 29.5

Aug-18 2.850 0.373 28.1

1.75

1.95

2.15

2.35

2.55

2.75

2.95

3.15

3.35

3.55

3.75

1 3 5 7 9

11

13

15

17

19

21

23

25

27

29

31

Henry Hub Daily Spot Price

MAR 2017 FEB 2017 JAN 2017

1.75

2.25

2.75

3.25

3.75

4.25

4/1/

2017

9/1/

2017

2/1/

2018

7/1/

2018

12/1

/201

8

5/1/

2019

10/1

/201

9

3/1/

2020

8/1/

2020

1/1/

2021

6/1/

2021

11/1

/202

1

4/1/

2022

9/1/

2022

2/1/

2023

7/1/

2023

12/1

/202

3

5/1/

2024

10/1

/202

4

3/1/

2025

8/1/

2025

NYMEX Natural Gas Forward Curve

3/16/2017 3/9/2017 2/16/2017

-1.500

-1.000

-0.500

0.000

0.500

1.000

1.500

2.000

2.500

3.000

3.500

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Sumas Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

-0.4

-0.35

-0.3

-0.25

-0.2

-0.15

-0.1

-0.05

0

0.05

0.1

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Michcon Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

-2.00

-1.00

0.00

1.00

2.00

3.00

4.00

5.00

6.00

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Transco Zone 6 Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

-0.500

-0.400

-0.300

-0.200

-0.100

0.000

0.100

0.200

0.300

0.400

0.500

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Socal Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

-0.08

-0.07

-0.06

-0.05

-0.04

-0.03

-0.02

-0.01

0

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Transco Zone 4 Basis (platts Iferc)

3/16/2017 3/9/2017 2/16/2017

Page 4: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

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

Page 4 © 2017 Mansfield Energy Corp. All rights reserved.

Release Date: March 16, 2017

M A R C H 2 0 , 2 0 1 7

N A T U R A L G A S N E W S

O B S E R V E D S N O W D E P T H

2 4 H O U R S N O W F A L L F O R E C A S T

Rig Count

Report Date:

Total Change

US - 789 +21

CN - 276 (39)

March 17, 2017

U.S. Natural Gas Supply

Gas Week 3/9— 3/16

Average daily values (BCF/D):

Last Year (BCF/d)

Dry Production — +73.2

Total Supply — +77.00

Last Week (BCF/d)

Dry Production — +70.5

Total Supply — +75.90

[NEXT REPORT ON MAR 23]

U.S. Natural Gas Demand

Gas Week 3/9— 3/16

Average daily values (BCF/D):

Last Year (BCF/d)

Power — +24.5

Total Demand — +73.2

Last Week (BCF/d)

Power — +21.7

Total Demand — +84.60

[NEXT REPORT ON MAR 23]

2,242BCF

(53) BCF (LAST WEEK)

(236) BCF (LAST YEAR)

+395 BCF (5-YR AVG)

Total Working Gas In

EIA Weekly NG Storage

Actual and Surveys for

March , 2017

Released March 16, 2017

Range (47) to (72)

PIRA — (55)

ARM — (58)

Reuters — (48)

EIA ACTUAL — (53)

Page 5: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

Page 5 © 2017 Mansfield Energy Corp. All rights reserved.

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 0 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

M A R C H 2 0 , 2 0 1 7

N A T U R A L G A S N E W S

Page 6: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

CME Future Prices

Ethane (C2)

Non-LDH— Mont Belvieu

CME Future Prices

Propane (C3)

Non-LDH— Mont Belvieu

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

Page 6 © 2017 Mansfield Energy Corp. All rights reserved.

M A R C H 2 0 , 2 0 1 7

N A T U R A L G A S N E W S

Month Close Change

Apr-17 0.229 (0.007)

May-17 0.222 (0.008)

Jun-17 0.224 (0.009)

Jul-17 0.230 (0.009)

Aug-17 0.236 (0.009)

Sep-17 0.243 (0.009)

Oct-17 0.251 (0.009)

Nov-17 0.258 (0.009)

Dec-17 0.266 (0.009)

Jan-18 0.273 (0.009)

Feb-18 0.283 (0.008)

Mar-18 0.283 (0.009)

1YR Strip 0.250 (0.009)

(cents/gallon)

Month Close Change

Apr-17 0.626 (0.014)

May-17 0.600 (0.011)

Jun-17 0.590 (0.003)

Jul-17 0.592 (0.000)

Aug-17 0.595 0.000

Sep-17 0.600 0.002

Oct-17 0.609 0.004

Nov-17 0.615 0.004

Dec-17 0.621 0.004

Jan-18 0.627 0.004

Feb-18 0.633 0.005

Mar-18 0.624 0.004

1YR Strip 0.611 (0.000)

(cents/gallon)

0.15

0.20

0.25

0.30

0.35

0.40

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

7

12/1

/201

7

2/1/

2018

4/1/

2018

6/1/

2018

8/1/

2018

10/1

/201

8

12/1

/201

8

2/1/

2019

4/1/

2019

6/1/

2019

8/1/

2019

10/1

/201

9

Ethane Futures

3/16/2017 3/9/2017 2/16/2017

0.80

0.90

1.00

1.10

1.20

1.30

1.40

1.50

1.60

1.70

4/

1/2

01

7

5/

1/2

01

7

6/

1/2

01

7

7/

1/2

01

7

8/

1/2

01

7

9/

1/2

01

7

10

/1/2

01

7

11

/1/2

01

7

12

/1/2

01

7

1/

1/2

01

8

2/

1/2

01

8

3/

1/2

01

8

4/

1/2

01

8

5/

1/2

01

8

6/

1/2

01

8

7/

1/2

01

8

Ethane / Natural Gas Ratio

3/16/2017 3/9/2017 2/16/2017

0.50

0.55

0.60

0.65

0.70

0.75

0.80

0.85

4/1

/20

17

6/1

/20

17

8/

1/2

01

7

10

/1/2

01

7

12

/1/2

01

7

2/1

/20

18

4/

1/2

01

8

6/1

/20

18

8/1

/20

18

10

/1/2

01

8

12

/1/2

01

8

2/1

/20

19

4/1

/20

19

6/

1/2

01

9

8/1

/20

19

10

/1/2

01

9

Propane Futures

3/16/2017 3/9/2017 2/16/2017

2.00

2.50

3.00

3.50

4.00

4.50

4/1/

2017

5/1/

2017

6/1/

2017

7/1/

2017

8/1/

2017

9/1/

2017

10/1

/201

7

11/1

/201

7

12/1

/201

7

1/1/

2018

2/1/

2018

3/1/

2018

4/1/

2018

5/1/

2018

6/1/

2018

7/1/

2018

Frac Spread

3/16/2017 3/9/2017 2/16/2017

Page 7: Feb-19 3.126 0.003 e e eMar 20, 2017  · the past week, Baker Hughes (BHI) reported Friday, March 17. The overall U.S. rig count now sits at 789, up 313 rigs from this time last year

Prompt WTI (CL) Crude

Daily Sentiment

RESISTANCE

48.76 & 49.04

SUPPORT

48.30 & 47.71

40

45

50

55

60

65

5/1/

2017

9/1/

2017

1/1/

2018

5/1/

2018

9/1/

2018

1/1/

2019

5/1/

2019

9/1/

2019

1/1/

2020

5/1/

2020

9/1/

2020

1/1/

2021

5/1/

2021

9/1/

2021

1/1/

2022

5/1/

2022

9/1/

2022

1/1/

2023

5/1/

2023

9/1/

2023

1/1/

2024

3/16/2017 3/9/2017 2/16/2017

Ethane : 42% 66,500 btu/g

Propane: 28% 90,830 btu/g

Butane: 11% 102,916 btu/g

Iso-Butane: 6% 98,935 btu/g

Natural Gasoline: 13%

115,021 btu/g

B R E N T C R U D E F O R W A R D C U R V E

Page 7 © 2017 Mansfield Energy Corp. All rights reserved.

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

NYMEX WTI (CL) Futures

NYMEX Brent (BZ)

Futures

Prompt NGL Futures

($/gallon)

FRAC Spread

Specifications

FOLLOW US ON TWITTER:

@MPG_NatGasNews

M A R C H 2 0 , 2 0 1 7

N A T U R A L G A S N E W S

BEARISH

Close Change

0.776 (0.017)

0.762 (0.014)

1.103 0.003

Iso-Butane

Nat Gasoline

Apr-17

Butane

45

47

49

51

53

55

57

59

61

63

65

4/1/

2017

9/1/

2017

2/1/

2018

7/1/

2018

12/1

/201

8

5/1/

2019

10/1

/201

9

3/1/

2020

8/1/

2020

1/1/

2021

6/1/

2021

11/1

/202

1

4/1/

2022

9/1/

2022

2/1/

2023

7/1/

2023

12/1

/202

3

5/1/

2024

10/1

/202

4

3/1/

2025

8/1/

2025

3/16/2017 3/9/2017 2/16/2017

(4)

(3)

(2)

(1)

0

5/1/

2017

9/1/

2017

1/1/

2018

5/1/

2018

9/1/

2018

1/1/

2019

5/1/

2019

9/1/

2019

1/1/

2020

5/1/

2020

9/1/

2020

1/1/

2021

5/1/

2021

9/1/

2021

1/1/

2022

5/1/

2022

9/1/

2022

1/1/

2023

3/16/2017 3/9/2017 2/16/2017

Month Close Change

Apr-17 48.78 0.03

May-17 49.31 0.07

Jun-17 49.73 0.10

Jul-17 50.04 0.10

Aug-17 50.25 0.10

Sep-17 50.38 0.10

Oct-17 50.46 0.10

Nov-17 50.51 0.10

Dec-17 50.52 0.09

Jan-18 50.52 0.08

Feb-18 50.49 0.05

Mar-18 50.46 0.03

Apr-18 50.43 0.01

May-18 50.39 (0.01)

Jun-18 50.35 (0.03)

Jul-18 50.29 (0.04)

Aug-18 50.23 (0.04)

Sep-18 50.18 (0.04)

Oct-18 50.15 (0.03)

Nov-18 50.12 (0.03)

Dec-18 50.11 (0.03)

Jan-19 50.05 (0.03)

Feb-19 50.00 (0.03)

Mar-19 49.97 (0.03)

1YR Strip 50.12 0.08

2017 50.00 0.09

5YR Strip 50.38 (0.02)

Month Close Change

May-17 51.76 0.02

Jun-17 51.95 0.05

Jul-17 52.15 0.08

Aug-17 52.30 0.09

Sep-17 52.40 0.10

Oct-17 52.44 0.10

Nov-17 52.43 0.08

Dec-17 52.42 0.06

Jan-18 52.42 0.04

Feb-18 52.40 0.02

Mar-18 52.37 0.01

Apr-18 52.34 (0.01)

May-18 52.28 (0.02)

Jun-18 52.20 (0.03)

Jul-18 52.14 (0.03)

Aug-18 52.08 (0.03)

Sep-18 52.01 (0.04)

Oct-18 51.93 (0.04)

Nov-18 51.86 (0.04)

Dec-18 51.81 (0.04)

Jan-19 51.80 (0.04)

Feb-19 51.80 (0.04)

Mar-19 51.81 (0.03)

Apr-19 51.82 (0.02)

1YR Strip 52.28 0.05

2017 52.23 0.07

5YR Strip 52.45 (0.03)