jun-19 2.700 (0.012) jul-19 2.722 (0.012) $3 billion pro- ... d 8 4 month close change sep-17 2.939...
TRANSCRIPT
Prompt Natural Gas
(NG) Daily Sentiment
RESISTANCE
2.98 & 3.03
SUPPORT
2.91 & 2.88
1 2 M O N T H C A N D L E S T I C K ( W E E K L Y )
Court orders new environmental review for Sabal Trail Pipeline — The Atlanta Journal Constitution reports: A federal appeals court on Tuesday ordered a second environmental review of a network of natural gas pipelines being built across Alabama, Florida and Georgia, saying federal regulators had not included enough infor-
I N T H E N E W S Prior Day’s NYMEX
Sep-17 Contract (CT)
© 2017 Mansfield Energy Corp. All rights reserved.
Trading Summary NYMEX NG Futures
NEUTRAL
• Court orders new environmental review for Sabal Trail
Pipeline
• U.S. natural gas futures slip on cooler weather outlook
mation about potential greenhouse gas emissions that will result from burning the gas the pipelines will carry. The $3 billion pro-ject is already operational after being authorized by the Federal Energy Regulatory Commission in February 2016. It is anchored by the nearly 500-mile Sabal Trail Pipeline, which cuts across southwest Georgia on its way from Alabama to Osceola County, Florida, just south of Orlando. In a 2-1 ruling, a three-judge panel of the U.S. Court of Appeals for the District of Columbia ordered a new environmental review of the project but said the commission had otherwise acted properly. For more visit ajc.com or click the following link http://on-ajc.com/2vccf0M U.S. natural gas futures slip on cooler weather outlook – The Times of India reports: U.S. natural gas futures edged lower on Tuesday on forecasts for cooler weather over the next two weeks, seen as limiting demand from the power sector. According to a U.S. weather model, temperatures were expected to be cooler than normal until early September. That was seen as bringing down air-conditioning demand. Analysts have said utilities proba-bly would stockpile just 1.7 trillion cubic feet of gas during the April-October injection season. Relatively low output, rising sales abroad and higher-than-average cooling demand earlier this sum-mer are limiting the quantities of gas going into storage. For more on this story visit timesofindia.com or click the following link http://bit.ly/2ww4g34
Contact Us
Mansfield Energy Corp
1025 Airport Pkwy
Gainesville, GA 30501
www.mansfield.energy
Phone: (800) 695-6626
A U G U S T 2 3 , 2 0 1 7
2.88
2.90
2.92
2.94
2.96
2.98
3.00
3.02
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
Au
g-1
6
Sep
-16
Oct
-16
No
v-1
6
De
c-1
6
Jan
-17
Feb
-17
Mar
-17
Ap
r-1
7
May
-17
Jun
-17
Jul-
17
Au
g-1
7
NATURAL GAS
Futures Close Change
NG 2.939 (0.023)
Volume 430,430 (404,290)
Open Int. 1,316,315 (6,259)
CRUDE AND GASOLINE
Futures Close Change
Crude 47.64 0.27
RBOB 1.5908 0.0067
Crude/NG 16.21 0.22
METALS
Futures Close Change
Gold 1,285.10
EQUITIES
Exchange Close Change
DOW 21,899.89 196.14
S&P 500 2,294.62 (133.75)
CURRENCY
Currency Close Change
EUR/USD
USD/CND 1.2578 0.0014
Month Close Change
Sep-17 2.939 (0.023)
Oct-17 2.968 (0.024)
Nov-17 3.037 (0.023)
Dec-17 3.177 (0.021)
Jan-18 3.273 (0.020)
Feb-18 3.267 (0.020)
Mar-18 3.231 (0.018)
Apr-18 2.903 (0.003)
May-18 2.868 (0.002)
Jun-18 2.892 (0.002)
Jul-18 2.917 (0.002)
Aug-18 2.920 (0.002)
Sep-18 2.896 (0.002)
Oct-18 2.914 (0.002)
Nov-18 2.961 (0.002)
Dec-18 3.087 (0.004)
Jan-19 3.169 (0.006)
Feb-19 3.145 (0.006)
Mar-19 3.079 (0.005)
Apr-19 2.712 (0.010)
May-19 2.679 (0.011)
Jun-19 2.700 (0.012)
Jul-19 2.722 (0.012)
Aug-19 2.727 (0.014)
1YR Strip 3.033 (0.013)
2017 3.030 (0.023)
5YR Strip 2.853 (0.010)
Trade Date: Aug-22-2017
Flow Date(s): Aug-23-2017
2.690.11 2.97
0.01
2.68 2.88 2.950.14 0.05 0.06
2.820.01 3.00
(0.07)
1.782.73 2.94 2.91 (0.02)
0.04 0.05 0.09 2.462.74 (0.69)
0.17
0.002.64 0.00
0.08
3.360.07 2.74 1.81
3.24 0.13 2.97 (0.04)
0.17 0.05
2.900.14
2.81 2.880.10 0.05 2.94
0.05
2.74 2.960.14 0.10
2.992.86 0.05
0.01 2.993.01 0.06
0.03
NYMEX
2.939(0.023)
ID PRICE CHANGE ID PRICE CHANGE ID PRICE CHANGE
1 2.69 0.11 61 11 2.73 0.04 31 21 2.91 0.09 762 2.82 0.01 63 12 2.64 0.08 32 22 1.78 (0.02) 773 3.36 0.07 64 13 2.74 0.14 21 23 3.01 0.03 114 3.24 0.17 92 14 2.86 0.01 25 24 2.99 0.06 165 2.90 0.14 91 15 2.96 0.10 24 25 2.94 0.05 136 2.81 0.10 22 16 2.88 0.05 23 26 2.99 0.05 127 2.74 0.13 41 17 2.97 0.05 15 27 1.81 (0.04) 818 2.74 0.17 51 18 2.94 0.05 72 28 0.00 0.00 829 2.68 0.14 52 19 2.95 0.06 73 29 2.46 (0.69) 83
10 2.88 0.05 33 20 2.97 0.01 71 30 3.00 (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)
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.
A U G U S T 2 3 , 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.
-0.7
-0.6
-0.5
-0.4
-0.3
-0.2
-0.1
0
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Waha Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
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.
A U G U S T 2 3 , 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
Sep-17 2.900 0.069 45.0
Oct-17 2.950 0.119 33.7
Nov-17 3.000 0.178 33.7
Dec-17 3.150 0.228 34.7
Jan-18 3.250 0.293 38.4
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Month Strike Close Imp Vol
Sep-17 2.900 0.024 22.5
Oct-17 2.950 0.098 26.2
Nov-17 3.000 0.140 29.0
Dec-17 3.150 0.204 31.9
Jan-18 3.250 0.272 35.6
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
2.25
2.45
2.65
2.85
3.05
3.25
3.45
1 3 5 7 9
11
13
15
17
19
21
23
25
27
29
31
Henry Hub Daily Spot Price
AUG 2017 JUL 2017 JUN 2017
1.75
2.25
2.75
3.25
3.75
4.25
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
1/1/
2026
NYMEX Natural Gas Forward Curve
8/22/2017 8/15/2017 7/24/2017
-2.000
-1.000
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
9.000
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Sumas Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
-0.3
-0.25
-0.2
-0.15
-0.1
-0.05
0
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Michcon Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Transco Zone 6 Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
-0.600
-0.500
-0.400
-0.300
-0.200
-0.100
0.000
0.100
0.200
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Socal Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
-0.07
-0.06
-0.05
-0.04
-0.03
-0.02
-0.01
0
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Transco Zone 4 Basis (platts Iferc)
8/22/2017 8/15/2017 7/24/2017
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: Aug 17, 2017
A U G U S T 2 3 , 2 0 1 7
N A T U R A L G A S N E W S
EIA Storage History for
34th Week of Year
(Due to Report Aug 24)
Year Week Ending BCF
2013 Aug 23, 2013 +68
2014 Aug 22, 2014 +76
2015 Aug 21, 2015 +67
2016 Aug 19, 2016 +11
ESTIMATE — +TBD
Rig Count
Report Date:
Total Change
US - 946 (3)
CN - 214 (6)
August 18, 2017
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
For the North Atlantic...Caribbean Sea and the Gulf of Mexico:
1. Showers and thunderstorms have increased this morning in association with the remnants of
Harvey. Gradual development of this system is possible, and it could become a tropical cyclone
once again as it moves west-northwestward across the central and northwestern Caribbean Sea
during the next couple of days. Interests in northern Nicaragua, Honduras, Belize, and the Yucatan
peninsula should monitor the progress of this system. An Air Force Reserve reconnaissance aircraft
is scheduled to investigate this disturbance later today.
* Formation chance through 48 hours...medium...50 percent
* Formation chance through 5 days...medium...60 percent
2. A trough of low pressure located a couple of hundred miles north of Puerto Rico continues to
produce disorganized showers and thunderstorms. Environmental conditions are expected to be
unfavorable for development of this system during the next couple of days, but they could become
slightly more conducive for development by midweek when the system is near the northwestern
Bahamas or Florida.
* Formation chance through 48 hours...low...10 percent.
* Formation chance through 5 days...low...20 percent.
U.S. Natural Gas Supply
Gas Week 8/10 - 8/16
Average daily values (BCF/D):
Last Year (BCF/d)
Dry Production — +71.2
Total Supply — +78.1
Last Week (BCF/d)
Dry Production — +73.2
Total Supply — +79.1
[NEXT REPORT ON AUG 24]
U.S. Natural Gas Demand
Gas Week 8/10 - 8/16
Average daily values (BCF/D):
Last Year (BCF/d)
Power — +36.9
Total Demand — +76.5
Last Week (BCF/d)
Power — +33.0
Total Demand — +72.5
[NEXT REPORT ON AUG 24]
3,082 BCF
+53 BCF (LAST WEEK)
(254) BCF (LAST YEAR)
+55 BCF (5-YR AVG)
Total Working Gas In
Storage
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
A U G U S T 2 3 , 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.
A U G U S T 2 3 , 2 0 1 7
N A T U R A L G A S N E W S
Month Close Change
Sep-17 0.267 (0.005)
Oct-17 0.272 (0.012)
Nov-17 0.273 (0.010)
Dec-17 0.277 (0.010)
Jan-18 0.280 (0.009)
Feb-18 0.286 (0.008)
Mar-18 0.285 (0.006)
Apr-18 0.280 (0.006)
May-18 0.273 (0.006)
Jun-18 0.269 (0.005)
Jul-18 0.272 (0.005)
Aug-18 0.275 (0.005)
1YR Strip 0.276 (0.007)
(cents/gallon)
Month Close Change
Sep-17 0.752 0.000
Oct-17 0.756 0.000
Nov-17 0.756 (0.000)
Dec-17 0.756 0.001
Jan-18 0.755 0.000
Feb-18 0.752 0.000
Mar-18 0.729 0.001
Apr-18 0.662 0.000
May-18 0.617 0.001
Jun-18 0.608 0.000
Jul-18 0.608 0.000
Aug-18 0.612 (0.001)
1YR Strip 0.697 0.000
(cents/gallon)
0.15
0.17
0.19
0.21
0.23
0.25
0.27
0.29
0.31
0.33
0.35
9/1/
2017
11/1
/201
7
1/1/
2018
3/1/
2018
5/1/
2018
7/1/
2018
9/1/
2018
11/1
/201
8
1/1/
2019
3/1/
2019
5/1/
2019
7/1/
2019
9/1/
2019
11/1
/201
9
1/1/
2020
3/1/
2020
Ethane Futures
8/22/2017 8/15/2017 7/24/2017
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
1.70
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
8/
1/2
01
8
9/
1/2
01
8
10
/1/2
01
8
11
/1/2
01
8
12
/1/2
01
8
Ethane / Natural Gas Ratio
8/22/2017 8/15/2017 7/24/2017
0.45
0.50
0.55
0.60
0.65
0.70
0.75
0.80
9/
1/2
01
7
11
/1/2
01
7
1/
1/2
01
8
3/
1/2
01
8
5/
1/2
01
8
7/
1/2
01
8
9/
1/2
01
8
11
/1/2
01
8
1/
1/2
01
9
3/
1/2
01
9
5/
1/2
01
9
7/
1/2
01
9
9/
1/2
01
9
11
/1/2
01
9
1/
1/2
02
0
3/
1/2
02
0
Propane Futures
8/22/2017 8/15/2017 7/24/2017
2.00
2.20
2.40
2.60
2.80
3.00
3.20
3.40
3.60
3.80
4.00
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
8/1/
2018
9/1/
2018
10/1
/201
8
11/1
/201
8
12/1
/201
8
Frac Spread
8/22/2017 8/15/2017 7/24/2017
Prompt WTI (CL) Crude
Daily Sentiment
RESISTANCE
48.24 & 48.65
SUPPORT
47.39 & 46.95
40
45
50
55
60
65
10/1
/201
7
2/1/
2018
6/1/
2018
10/1
/201
8
2/1/
2019
6/1/
2019
10/1
/201
9
2/1/
2020
6/1/
2020
10/1
/202
0
2/1/
2021
6/1/
2021
10/1
/202
1
2/1/
2022
6/1/
2022
10/1
/202
2
2/1/
2023
6/1/
2023
10/1
/202
3
2/1/
2024
6/1/
2024
8/22/2017 8/15/2017 7/24/2017
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
NEUTRAL
A U G U S T 2 3 , 2 0 1 7
N A T U R A L G A S N E W S
Close Change
0.913 (0.001)
0.940 (0.004)
1.098 0.003
Iso-Butane
Nat Gasoline
Sep-17
Butane
40
42
44
46
48
50
52
54
56
58
60
10/1
/201
7
3/1/
2018
8/1/
2018
1/1/
2019
6/1/
2019
11/1
/201
9
4/1/
2020
9/1/
2020
2/1/
2021
7/1/
2021
12/1
/202
1
5/1/
2022
10/1
/202
2
3/1/
2023
8/1/
2023
1/1/
2024
6/1/
2024
11/1
/202
4
4/1/
2025
9/1/
2025
2/1/
2026
8/22/2017 8/15/2017 7/24/2017
(5)
(4)
(3)
(2)
(1)
0
10/1
/201
7
2/1/
2018
6/1/
2018
10/1
/201
8
2/1/
2019
6/1/
2019
10/1
/201
9
2/1/
2020
6/1/
2020
10/1
/202
0
2/1/
2021
6/1/
2021
10/1
/202
1
2/1/
2022
6/1/
2022
10/1
/202
2
2/1/
2023
6/1/
2023
8/22/2017 8/15/2017 7/24/2017
Month Close Change
Sep-17 47.64 0.27
Oct-17 47.83 0.30
Nov-17 48.02 0.34
Dec-17 48.18 0.39
Jan-18 48.34 0.45
Feb-18 48.47 0.49
Mar-18 48.58 0.53
Apr-18 48.66 0.57
May-18 48.72 0.60
Jun-18 48.77 0.62
Jul-18 48.80 0.64
Aug-18 48.82 0.65
Sep-18 48.84 0.65
Oct-18 48.87 0.66
Nov-18 48.90 0.67
Dec-18 48.94 0.67
Jan-19 48.95 0.67
Feb-19 48.96 0.67
Mar-19 48.97 0.67
Apr-19 48.99 0.66
May-19 49.02 0.66
Jun-19 49.08 0.66
Jul-19 49.11 0.66
Aug-19 49.14 0.66
1YR Strip 48.40 0.49
2017 47.92 0.33
5YR Strip 49.71 0.62
Month Close Change
Oct-17 51.87 0.21
Nov-17 51.58 0.30
Dec-17 51.51 0.39
Jan-18 51.55 0.46
Feb-18 51.63 0.50
Mar-18 51.73 0.54
Apr-18 51.80 0.56
May-18 51.87 0.59
Jun-18 51.94 0.61
Jul-18 52.03 0.63
Aug-18 52.09 0.64
Sep-18 52.12 0.65
Oct-18 52.15 0.66
Nov-18 52.17 0.66
Dec-18 52.19 0.66
Jan-19 52.22 0.66
Feb-19 52.28 0.66
Mar-19 52.34 0.67
Apr-19 52.43 0.67
May-19 52.47 0.68
Jun-19 52.48 0.68
Jul-19 52.58 0.69
Aug-19 52.65 0.70
Sep-19 52.72 0.71
1YR Strip 51.81 0.51
2017 51.65 0.30
5YR Strip 53.36 0.68