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Oil & Gas Market Update FOOTHILLS' NOVEMBER OUTLOOK
Chinese Oil Imports Soar ToRecord High
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KEY ECONOMIC DATES
LNG EXPORTS HAVE BOOSTED U.S. NET NATURALGAS EXPORTS IN FIRST-HALF 2019. THIS
DOUBLES YEAR-AGO LEVELS FOR SECOND YEARFrom January through June of 2019, U.S. net natural gas exports averaged4.1 billion cubic feet per day (Bcf/d), more than double the average netexports in 2018 (2.0 Bcf/d).
The United States became a net natural gas exporter (exported more than itimported) on an annual basis in 2017 for the first time in almost 60 years.
More LNG facilities have come online in the second half of 2019: the firsttrain at Freeport LNG in Texas, with a capacity of 0.7 Bcf/d, and the first tentrains at Elba Island in Georgia, with a capacity of 0.03 Bcf/d.
These two new LNG export facilities, along with the completion of CameronLNG, will increase U.S. LNG export capacity to 8.9 Bcf/d by the end of 2020from 4.9 Bcf/d at the end of 2018.
O T C . Q B : F T X P
NATURAL GASThe 2019 U.S. Natural Gas injection
season was the 2nd strongest onrecord going back over the last 26
years.
With 3729 BCF in storage, levels arenow 1.0% above the 5-year average.
FOOTHILLS EXPLORATION IN THE NEWS
FOOTHILLS EXPLORATION INC. PROVIDES UPDATE AND ANNOUNCES RESERVESFOR RECENTLY ACQUIRED GREEN RIVER BASIN ASSETS
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Petroleum & ProductsU.S. crude oil stocks are currently
sitting at 446.8 million barrels.
At current levels, stocks are nowsitting 2.9% above the 5-yr average.
O T C . Q B : F T X P
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Foothills Exploration, Inc. is a growth stage oil and gas exploration and production (E&P) company
with a focus in the acquisition and development of undervalued and underdeveloped properties. TheCompany's assets are located across well-established plays in the U.S. Rocky Mountain region.
Foothills' strategy is to build a balanced portfolio of E&P assets through two core initiatives. The first
is to actively focus on acquiring dislocated and under-exploited production and developmentproperties then maximizing those assets to create shareholder value. The Company's second
initiative is to generate high-impact oil and gas exploration projects.
OTC.QB: FTXP
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