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